Company has a debtors turnover ratio of 3
times and its total sales are Rs.21 lakhs and
total cost is Rs. 12 lakhs, find the amount of
receivables
Answers
Answered by
0
Answer:
9lakh is the receivables amount
Answered by
1
Explanation:
the total turnover is 21 lakhs
debtor turnover ratio is 3
turnover /debtors opening and closing/2 =3
as we can assume the opening and closing is same
then 21/debtor=3
debtor =21/3
=7
total receivable is 7 lacs
please confirm
thank you
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