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Answer

A firm normally has trade Receivables equal to two months’ Credit Sales. During the coming year it expects Credit Sales of ₹ 7,20,000 spread evenly over the year (12 months). What is the estimated amount of Trade Receivbles at the end of the year?

Solution:-

Anurag Pathak
August 14, 2023

Closing Trade Receivables ₹ 4,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 2,00,000

Solution:-

Anurag Pathak
August 14, 2023

Closing Trade Receivables ₹ 1,20,000, Revenue from Operations ₹ 14,40,000. Provision for Doubtful Debts ₹ 20,000. Calculate Trade Receivables Turnover Ratio.

Solution:-

Anurag Pathak
August 14, 2023

Compute Trade Receivables Turnover Ratio from the following:

Solution:-

Anurag Pathak
August 14, 2023

Closing Trade Receivables ₹ 1,00,000; Cash Sales being 25% of Credit Sales; Excess of Closing Trade Receivables over Opening Trade Receivables ₹ 40,000; Revenue from Operations, i.e., Net Sales ₹ 6,00,000. Calculate Trade Receivables Turnover Ratio.

Solution:-

Anurag Pathak
August 14, 2023

Closing Trade Receivables ₹ 90,000, Revenue from Operations ₹ 7,20,000, Cash Revenue from Operations ₹ 1,80,000. Provision for Doubtful Debts ₹ 8,000. Calculate Trade Receivables Turnover Ratio.

Solution:-

Anurag Pathak
August 14, 2023

Calculate Trade Receivables Turnover Ratio from the following information:

Solution:-

Anurag Pathak
August 14, 2023

Credit Revenue from Operation, i.e., Net Credit Sales for the year 12,00,000, Debtors ₹ 1,20,000, Bills Receivable ₹ 80,000. Calculate Trade Receivables Turnover Ratio.

Solution:-

Anurag Pathak
August 14, 2023

₹ 3,00,000 is the Cost of Revenue from Operations (Cost of Goods Sold). Inventory Turnover Ratio 8 times; Inventory, in the beginning, is 2 times more than the Inventory at the end. Calculate value of Opening and Closing Inventories.

Solution:-

Anurag Pathak
August 14, 2023

Inventory Turnover Ratio 5 times; Cost of Revenue from Operations (Cost of Goods Sold) ₹ 18,90,000. Calculate Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning.

Solution:-

Anurag Pathak
August 14, 2023