Solution of Q 106 Accounting Ratios TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 106, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 106
Calculate Trade Receivables Turnover Ratio in each of the following alternative cases:
Case 1: Net Credit Sales ₹ 4,00,000; Average Trade Receivables ₹ 1,00,000.
Case 2: Revenue from Operations (Net Sales) ₹ 30,00,000; Cash Revenue from Operations, i.e., Cash Sales ₹ 6,00,000; Opening Trade Receivables ₹ 2,00,000; Closing Trade Receivables ₹ 6,00,000.
Case 3: Cost of Revenue from Operations or Cost of Goods Sold ₹ 3,00,000; Gross Profit on Cost 25%; Cash Sales 20% of Total Sales; Opening Trade Receivables ₹ 50,000; Closing Trade Receivables ₹ 1,00,000.
Case 4: Cost of Revenue from Operations or Cost of Goods Sold ₹ 4,50,000; Gross Profit on Sales 20%; Cash Sales 25% of Net Credit Sales, Opening Trade Receivables ₹ 90,000; Closing Trade Receivables ₹ 60,000.
Solution
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About this solution
This is Chapter 3 Accounting Ratios of 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.
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