Calculate Opening and Closing Trade Payables from the following information, when Trade Payables Turnover Ratio is 3 Times
Calculate Opening and Closing Trade Payables from the following information, when Trade Payables Turnover Ratio is 3 Times:
(I) Cash Purchase 1/4th of Total Purchases.
(ii) Revenue from Operations is ₹ 4,00,000.
(iii) Gross Profit 25% of Revenue from Operations.
(iv) Opening Inventory ₹ 5,00,000 and Closing Inventory ₹ 6,00,000
(v) Closing Trade Payables are 3 Times that of in the opening.
Anurag Pathak Changed status to publish March 12, 2024
