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
Add a Comment