Q-2-a) from the following particulars regarding credit sales of 2018-19 and 2019-20, is it
correct to say that cash inflow, i.e., collection from debtors has improved in the year 2019-202
Particulars
2019-20 (*)
2018-191)
56.000
24.000
Opening balance of trade receivable
Closing balance of trade receivables
Credit sales
24.000
2.40,000
60,000
4.80.000
(b) Mr. Narayan Ahuja bought 300 shares of a company @ 45 per share. Out of which he sold
250 shares @ 355 per share. What is the total profit made by him and what is the profit
percent?
Answers
Explanation:
which one of the term useful for the market in the carbon are a that have many shops
Mr. Narayan Ahuja incurred a loss of Rs. 4,750 and the loss percentage is 35.19%.
For the first question, we need to compare the cash inflow, i.e., collection from debtors in 2018-19 and 2019-20.
To do this, we can calculate the cash collected from debtors in both years and compare them.
Cash collected from debtors = Credit sales - Increase/Decrease in trade receivables
For 2018-19:
Cash collected from debtors = 2,40,000 - (56,000 - 24,000) = 2,08,000
For 2019-20:
Cash collected from debtors = 4,80,000 - (24,000 - 60,000) = 5,16,000
Therefore, we can see that the cash inflow, i.e., collection from debtors has improved in 2019-20 as compared to 2018-19.
For the second question, let's calculate the total profit made by Mr. Narayan Ahuja:
Total cost of buying 300 shares = 300 x 45 = 13,500
Total earnings from selling 250 shares = 250 x 35 = 8,750
Total profit = earnings - cost = 8,750 - 13,500 = -4,750
Since the total profit is negative, Mr. Narayan Ahuja incurred a loss of Rs. 4,750.
To calculate the profit percentage, we need to use the following formula:
Profit percentage = (Profit / Cost) x 100
Profit percentage = (-4,750 / 13,500) x 100 = -35.19%
Therefore, Mr. Narayan Ahuja incurred a loss of Rs. 4,750 and the loss percentage is 35.19%.
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