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Solution of Q 90 Accounting Ratios TS Grewal 2022-23 [CBSE]

Question 90 of 156Chapter 4Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 90, Chapter 4 Accounting Ratios, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 90

Mercury Ltd. made Credit Sales of ₹ 4,00,000 during the financial period. If the collection period is 36 days and year is assumed to be 360 days, calculate:

  1. (i) Trade Receivables Turnover Ratio:
  2. (ii) Average Trade Receivables;
  3. (iii) Trade Receivables at the end when Trade Receivables at the end are more than that in the beginning by ₹ 6,000.
TS Grewal Class 12 Accounting Ratios Question 90

Solution

Solution of Q 90 Accounting Ratios TS Grewal 2022-23
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About this solution

This is Chapter 4 Accounting Ratios of TS Grewal Edition 2022-23.

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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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