Q.81 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 81 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Closing Trade Receivables from the following information:
| ₹ | |
| Cost of Revenue from Operations | ₹ 16,00,000 |
| Gross Profit on Cost | 25% |
| Cash Revenue from Operations | 25% of Credit Revenue from Operations |
| Trade Receivables Turnover Ratio | 5 Times |
Closing Trade Receivables were 1.5 times than that in the beginning.
[Ans. Closing Trade Receivables ₹ 3,84,000.]
Hint: Ratio between Opening and Closing Trade Receivables 2 : 3.
Solution:-
