Home
Class 12
ACCOUNTS
Calculate trade receivables trunover rat...

Calculate trade receivables trunover ratio from the following:
Closing debtors Rs 40000, credit sales being 25% of net cash sales, excess of closing debtors over opeining debtors Rs 20000 , total net sales Rs 150000.

Text Solution

Verified by Experts

Trade receivables trunover ratio
`=("credit revenue from operations (net credit sales)")/("average trade receivables or debtors")`
`=(Rs 30000)/(Rs 30000)=1` Time
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Evaluation Questions|13 Videos
  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Exercise|147 Videos
  • ACCOUNTING FOR PARTNERSHIP FIRMS-FUNDAMENTALS

    TS GREWAL|Exercise EVALUATION QUESTION :QUESTIONSWITHMISSINGVALUES|3 Videos
  • Admission of a Partner

    TS GREWAL|Exercise EXERCISE|107 Videos

Similar Questions

Explore conceptually related problems

Calculate Trade Receivables trunover ratio from the following: ,Rs

Calculate trade payables trunover ratio from the following information: opening creditors Rs 125000, opening bills payables rs 10000, closing creditors Rs 90000, closing bills payables rs 5000, purchases Rs 950000, cash pruchaes Rs 100000, purchases returns Rs 45000.

Closing trade receivables Rs 400000, cash sales being 25% of credit sales , Excess of closing trade receivable over opening trade receivables Rs 200000, revenue from operationsi.e net slaes Rs 1500000 calculate trade receivables trunover ratio.

Calcualte Gross Profit ratio from the following information: Cash sales are 25% of Total sales , purchases Rs 690000, credit sales Rs 6000000, Excess of closing inventory over opening inventory Rs 50000.

Calculate gross profit ratio from the following data: cash sales are 20% of tatal sales,m credit sales are Rs 500000, pruchases are Rs 400000,Excess of closing inventory over opening inventroy Rs 25000.

Closing trade receivables rs 100000, cash sales being 25% of credit sales , Excess of closing trade receivables over opening trade receivables Rs 40000, Reenue from operations i.e net slaes Rs 600000 Calculate trade receivables turnover ratio.

Calculate tarade receivabels trunover ratio in each of the following alternative cases: case 1: net credit sales Rs 400000, average trade receivable Rs 100000 case :2 Revenue from operations(net sales) Rs 300000, cash revenue form operations, i.e cah sales Rs 6000000, opening trade receivables Rs 200000, closing trade receivables Rs 600000 case 3: Cost of revenue from operations or cost of goods sold Rs 300000, gorss profit on cost 25% cash sales 20% of tatal sales, opening trade receivables rs 50000, closing trade receivables Rs 100000. Case 4: cost of revenue form opertions or cost of goods sold Rs 450000, gross, profit on sales 20% cashs sales 25% of net credit sales, opening trade receivables Rs 90000, closing trade receivables Rs 600000.

Calculate Net Sales and Gross Profit from the following information: Cost of Goods Sold Rs 1,00,000, Gross Profit 20% on Sales

TS GREWAL-ACCOUNTING RATIOS -Exercise
  1. Calculate trade receivables trunover ratio from the following: Closi...

    Text Solution

    |

  2. From the following compute curent ratio:

    Text Solution

    |

  3. calculate current ratio from the following information:

    Text Solution

    |

  4. Current ratio is 2.5 working capital is Rs 150000. calculate the amoun...

    Text Solution

    |

  5. Working capital is Rs 900000, Trade payables Rs 90000, and other curre...

    Text Solution

    |

  6. Working capital Rs 180000, total debts Rs 390000, long term debts Rs 3...

    Text Solution

    |

  7. Current assets are Rs 750000 and working capital is Rs 250000. calcula...

    Text Solution

    |

  8. Trade payables rs 50000 working capital Rs 900000, current liabilities...

    Text Solution

    |

  9. A company had current assets of Rs 450000 and current liabilites of Rs...

    Text Solution

    |

  10. Current liabilites of a company were Rs 175000 and its current ratio w...

    Text Solution

    |

  11. Ratio of current assets (Rs 300000) to current liabilities (Rs 200000)...

    Text Solution

    |

  12. Ratio of currents assets (Rs 275000) to curent liabilites (Rs 350000) ...

    Text Solution

    |

  13. A firm had curent assets of Rs 500000.It paid current liabilities of R...

    Text Solution

    |

  14. state giving reason whether the current ratio will improve or decline ...

    Text Solution

    |

  15. state giving reasons which of the following transactions would improve...

    Text Solution

    |

  16. From the following information calcualte liquid ratio:

    Text Solution

    |

  17. Quick assets Rs 150000, inventroy (stock) Rs 40000, prepaid Expaneses ...

    Text Solution

    |

  18. Current assets Rs 300000, inventories Rs 600000, working capital Rs 25...

    Text Solution

    |

  19. Woking capital Rs 360000, total debts Rs 780000, long term debts s 600...

    Text Solution

    |

  20. Current liablities of a company are Rs 600000. Its current ratio is 3:...

    Text Solution

    |

  21. X ltd has a current ratio fo 3.5 :1 and quick ratio of 2:1 if the inve...

    Text Solution

    |