₹ 1,75,000 is the Credit Revenue from Operations, i.e., Net Credit Sales of an enterprise. If Trade Receivables Turnover Ratio is 8 times

₹ 1,75,000 is the Credit Revenue from Operations, i.e., Net Credit Sales of an enterprise. If Trade Receivables Turnover Ratio is 8 times, calculate Trade Receivables in the beginning and at the end of the year. Trade Receivables at the end is ₹ 7,000 more than that in the beginning.

[Ans.: Trade Receivables in the beginning = ₹ 18,375; Trade Receivables at the end = ₹ 25,375.]