Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs

1.	Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000;Bills Payable Rs.10,000. Trade Payables Turnover Ratio will be:9 times7.5 times
Answer» Given: Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000; Bills Payable Rs.10,000. To Find: TRADE Payables Turnover RATIO Solution: Purchases = Total Purchases - Cash Purchases = 4,50,000 - 1,50,000 = 3,00,000 Average Trade Paybles = Bills Payable + Creditors/2 = 10,000 + 50,000/2 = 60,000/2 = 30,000 Ratio = Purchases/ Average Trade Paybles = 3,00,000/30,000 = 10 Answer: The Turnover Ratio is 10 times

Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000;Bills Payable Rs.10,000. Trade Payables Turnover Ratio will be:9 times7.5 times

Answer»

Given:

Total Purchases Rs. 4,50,000;

Cash Purchases Rs.1,50,000;

Creditors Rs.50,000;

Bills Payable Rs.10,000.

To Find:

TRADE Payables Turnover RATIO

Solution:

Purchases = Total Purchases - Cash Purchases

= 4,50,000 - 1,50,000

= 3,00,000

Average Trade Paybles = Bills Payable + Creditors/2

= 10,000 + 50,000/2

= 60,000/2

= 30,000

Ratio = Purchases/ Average Trade Paybles

= 3,00,000/30,000

= 10

Answer: The Turnover Ratio is 10 times

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Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000;Bills Payable Rs.10,000. Trade Payables Turnover Ratio will be:9 times7.5 times​

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Total Purchases Rs. 4,50,000; Cash Purchases Rs.1,50,000; Creditors Rs.50,000;Bills Payable Rs.10,000. Trade Payables Turnover Ratio will be:9 times7.5 times