Question

calculate creditors turnover ratio closing creditors 45,000,net purchases3,60,000,purchase returns60,000,cash purchases90,000 ,provision for discount on closing creditors 5,000​

Answer 1

Answer:

ok no problem his question accountancy si my favorite subject this nothing answer is.......... 900000

Answer 2

Explanation:

Creditors Turnover Ratio = Net purchases /Average Creditors

Net credit purchases = Net purchases - Cash Purchases

=360000-90000

=270000

Average Creditors =45000

Creditors Turnover Ratio =270000/45000

= 6 times