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Read the following and answer the questions give below:Cost of Revenue from Operations -₹ 3,00,000Opening Debtors -(Cost of Goods Sold)₹ 50,000Closing Debtors -₹ 1,00,000Gross Profit on Cost –25%Opening Creditors-₹ 1,20,000Cash Sales –20% of Total SalesClosing Creditors -₹ 1,60,000Total Purchases₹ 8,50,000Cash Purchases₹ 1,00,000Purchase Return₹ 50,0001. How much is Credit Revenue from Operations? i) ₹ 3,75,000 ii) ₹ 3,00,000 iii) ₹ 1,50,000 iv) ₹ 75,000 2. Find Average Collection Period? i) 3 months ii) 4 months iii) 2 monthsiv) 3.5 months 3 Find Trade Payable Turnover Ratio? i) 6.5 times ii) 5.5 times iii) 5 times iv) 5.25 times 4. Calculate Average Payable Period? i) 56 days ii) 73 days iii) 66 days iv) 69 days |
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Answer» 1. ii) ₹ 3,00,000 2. i) 3 months 3. iii) 5 times 4. ii) 73 days |
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