Question

128.From the following ratios and information relating to the activities of Bengal Traders Ltd., find out :
(a) revenue from operations for the year 2019-20, (b) trade receivables on 31.3.20, (c) trade payables on
31.3.20, and (d) inventory on 31.3.20 :
Debtors' velocity
3 months
Inventory velocity
6 months
Trade payables velocity
2 months
Gross profit ratio
20%
Gross profit for the year ended 31.3.20 amounted to 5,00,000. Inventory as on 31.3.20 was 20,000
higher than the inventory on 1.4.19. Bills receivable and bills payable were * 60,000 and 36,667
respectively at the end of the year.
(C.U., B.Com. (Hons.)]
129 The following information is available :​

Answer 1

Answer:

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