Previous Class Revision|Gain|Loss|Purchases|Purchase Return|Sales|Sales Return|Stock|Inventory|Trade Receivables|Trade Payables|Goods|Cost|Summary

Purchases Return Book|Sales Return Book|Subsidiary Books

Calculate trade payables turnover ratio for the year 2018-19 in each of the alternative cases: case 1: closing trade payables Rs 45000, net purchases Rs 360000, purchases return Rs 60000, cash purchases Rs 90000 case 2: opening trade payables Rs 15000, closing trde payables Rs 45000, net purchaeses Rs 360000 Case 3: closing trade payables Rs 45000, net purchases Rs 360000. case 4: closing trade payables (including Rs 250000 due to a supplier of machinery)Rs 55000, net credit puchases Rs 360000.

From the information given below calculate trade receivables trunover ratio: credit revenue from operation i.e credit sales Rs 800000, opening tarde receivables Rs 120000, and closing trade receivable rs 200000. state giving reason which of the following would increase , decrease or not change trade receivables trunover ratio: (i) collection from trade receivables Rs 40000 (ii) Credit revenue from operations i.e credit sales Rs 80000 (iii) sales return Rs 20000 (iv) credit purchase Rs 160000.

Opening sundry creditors Rs 80000, opening bills payable Rs 3000 closing sundry creditors Rs 100000, closing bills payable Rs 17000, purchases Rs 140000, cash purchases Rs 500000, Purchases return Rs 100000. Calculate Trade payables trunover 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 amount of opening trade receivables and closing trade receivables from the follwing figures: Trade receivables turnover ratio, 4times cost of revenue form opertion (cost of goods sold),Rs 640000 gross profit ratio, 20% Closing trade receivables were rs 20000 more than in the beginning cash sales being 33(1)/(3)% of credit sales.

What will be the effect on Trial Balance if a purchase return of Rs. 5,000 has been wrongly posted to the debit of Sales Return Account but correctly entered in the Customer's Account ?