Calculate Trade Receivables Turnover Ratio from the following information:
Calculate Trade Receivables Turnover Ratio from the following information:
Total Sales ₹ 1,00,000; Sales Return ₹ 1,500; Cash Sales ₹ 23,500.
[Ans.: Trade Receivables Turnover Ratio = 2 Times.]
| Opening Balances (₹) | Closing Balances (₹) | |
| Sundry Debtors | 28,000 | 25,000 |
| Bills Receivable | 7,000 | 15,000 |
| Provision for Doubtful Debts | 1,500 | 4,500 |
Anurag Pathak Changed status to publish August 14, 2023
