Calculate Trade Payables Turnover Ratio from the following information: Opening Creditors ₹ 1,25,000; Opening Bills Payable ₹ 10,000
Calculate Trade Payables Turnover Ratio from the following information:
Opening Creditors ₹ 1,25,000; Opening Bills Payable ₹ 10,000; Closing Creditors ₹ 90,000; Closing Bills Payable ₹ 5,000; Purchases ₹ 9,50,000; Cash Purchases ₹ 1,00,000; Purchases Return ₹ 45,000.
[Ans.: Trade Payables Turnover Ratio = 7 Times.]
Anurag Pathak Changed status to publish August 15, 2023
