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[ISC] Q. 57 Solution of Ratio Analysis TS Grewal ISC 2023-24 Edition

Question 57 of 128Chapter 4Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 57, Chapter 4 Ratio Analysis, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 57

From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times:

  1. (i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations.
  2. (ii) Cost of Revenue from Operations is ₹ 3,00,000.
  3. (iii) Gross Profit is 25% of the Revenue from Operations.
  4. (iv) The Opening Trade Receivables is 1/3rd of Closing Trade Receivables.
TS Grewal Class 12 Ratio Analysis Question 57

Solution

Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 1
Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 2
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Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 3
Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 4
Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 5
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Solution of Q 57 Ratio Analysis TS Grewal 2023-24 part 6
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About this solution

This is Chapter 4 Ratio Analysis of ISC TS Grewal Edition 2023-24.

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy Exam.

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