Q.80 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 80 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate the amount of Opening Trade Receivables and Closing Trade Receivables from the following particulars:
| ₹ | |
| Cost of Revenue from Operations (Cost of Goods Sold) | ₹ 9,00,000 |
| Gross Profit on Revenue from Operations (Sales) | 25% |
| Cash Revenue from Operations | 20% of Credit Revenue from Operations |
| Trade Receivables Turnover Ratio | 5 Times |
Closing Trade Receivables were 3 times than that in the beginning.
[Ans. Opening Trade Receivables ₹ 1,00,000; Closing Trade Receivables ₹ 3,00,000.
Solution:-
