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Solution of Q 115 Accounting Ratios TS Grewal 2023-24 [CBSE]

Question 115 of 182Chapter 3Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 115, Chapter 3 Accounting Ratios, TS Grewal Class 12 Accountancy 2023-24 for the CBSE Board.

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Question 115

From the following information, calculate Opening and Closing Trade Payables:

Cash Purchases 25% of Total Purchases; Revenue from Operations ₹ 3,00,000; Gross Profit 25% on Revenue from Operations; Opening Inventory ₹ 75,000; Closing Inventory ₹ 1,50,000; Trade Payables Turnover Ratio 3 Times; Closing Trade Payables were ₹ 75,000 in excess of Opening Trade Payables.

TS Grewal Class 12 Accounting Ratios Question 115

Solution

Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 1
Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 3
Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 4
Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 5
12th Accounts Revision Book
Solution of Q 115 Accounting Ratios TS Grewal 2023-24 part 6
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12th Accounts Revision Book

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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.

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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