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[ISC] Q. 55 Solution of Ratio Analysis TS Grewal ISC 2023-24 Edition

Question 55 of 128Chapter 4Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 55, Chapter 4 Ratio Analysis, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 55

Calculate amount of Opening Trade Receivables and Closing Trade Receivables from the following:

  1. Trade Receivables Turnover Ratio 4 Times
  2. Cost of Revenue from Operations (Cost of Goods Sold) ₹ 10,00,000
  3. Gross Profit Ratio 20%
  4. Closing Trade Receivables were ₹ 40,000 more than the opening
  5. Cash Sales being 1/3rd of Credit Sales.
TS Grewal Class 12 Ratio Analysis Question 55

Solution

Solution of Q 55 Ratio Analysis TS Grewal 2023-24 part 1
Solution of Q 55 Ratio Analysis TS Grewal 2023-24 part 2
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Solution of Q 55 Ratio Analysis TS Grewal 2023-24 part 3
Solution of Q 55 Ratio Analysis TS Grewal 2023-24 part 4
Solution of Q 55 Ratio Analysis TS Grewal 2023-24 part 5
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Solution of Q 55 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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