Question

52. (Average Age of Trade Payable) A company purchases goods both for cash and on Credit.
Following information is available.
₹
4,00.000
Total Purchases
50,000
Cash Purchases (included in above)
Return outwards
10,000
75,000
Trade Payable (Closing)
Bills Payable (Closing)
5,000
Calculate average age of trade payable. Assuming 365 days in the year.
[Ans. 86 days app.)​

Answer 1

Explanation:

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