opening debtors ₹35000;cash received from debtors ₹3,20,000;sales return ₹10,000;closing debtors ₹45,000 calculate the dwbtors'turnover ratio
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Answer:
8 times
Explanation:
Avg. debtors = o. debtor+c. debtors/2=35000+45000/2=40000
net credit revenue from operations=320000
Debtor turnover ratio=net credit revenue from operations/avg. debtor=320000/40000=8 times
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