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) The Opening Trade Receivables is 1/3rd of Closing Trade Receivables

Anurag Pathak Changed status to publish March 12, 2024
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