Solution of Q 107 Accounting Ratios TS Grewal 2023-24 [CBSE]
Step-by-step solution of Question 107, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.
Question 107
From the information given below, calculate Trade Receivables Turnover Ratio:
Credit Revenue from Operations, i.e., Credit Sales ₹ 8,00,000; Opening Trade Receivables ₹ 1,20,000; and Closing Trade Receivables ₹ 2,00,000.
State, giving reason, which of the following would increase, decrease or not change Trade Receivables Turnover Ratio:
- (i) Collection from Trade Receivables ₹ 40,000.
- (ii) Credit Revenue from Operations, i.e., Credit Sales ₹ 80,000.
- (iii) Sales Return ₹ 20,000.
- (iv) Credit Purchase ₹ 1,60,000.
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.
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