Question

Q.30Calculate amount of Opening Trade Receivables and Closing Trade Receivables from the
following figures:
(3)
Trade Receivable Turnover ratio
Cost of Revenue from Operations
Gross Profit ratio
Closing Trade Receivables were 40,000 more than in the beginning
Cash sales being times of Credit sales
5 times
* 8,00,000
20%​

Answer 1

Answer:

Calculate amount of opening trade receivables and closing trade receivables from the follwing figures: Trade receivables turnover ratio, 4times cost of revenue form opertion (cost of goods sold),Rs 640000 gross profit ratio, 20\% Closing trade receivables were rs 20000 more than in the beginning cash sales being 33(1)/(3)\% of credit sales.

Explanation: