From the following information, calculate Opening and Closing Trade Receivables if Trade Receivables Turnover Ratio is 3 Times:
From the following information, calculate Opening and Closing Trade Receivables if Trade Receivables Turnover Ratio is 3 Times:
(i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations.
(ii) Cost of Revenue from Operations is ₹ 3,00,000.
(iii) Gross Profit is 25% of the Revenue from Operations.
(iv) Trade Receivables at the end are 3 Time more than that of in the beginning.
[Ans.: Opening Trade Receivables = ₹ 40,000; Closing Trade Receivables = ₹ 1,60,000.]
Anurag Pathak Changed status to publish August 14, 2023
