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Solution of Q 94 Accounting Ratios TS Grewal 2022-23 [CBSE]

Question 94 of 156Chapter 4Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 94, Chapter 4 Accounting Ratios, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 94

From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times:

  1. (i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations.
  2. (ii) Cost of Revenue from Operations is ₹ 3,00,000.
  3. (iii) Gross Profit is 25% of the Revenue from Operations.
  4. (iv) Trade Receivables at the end are 3 Times more than that of in the beginning.
TS Grewal Class 12 Accounting Ratios Question 94

Solution

Solution of Q 94 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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