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ReceivableHint : Provision for Doubuui ULUITurnover RatioQ. 80. Calculate Trade Payables Turnover Ratio and Average Payment Periodfrom the following:Total PurchasesCash PurchasesPurchases Returns (out of credit purchases)Opening Balance of CreditorsOpening Balance of Bills PayablesClosing Balance of CreditorsClosing Balance of Bills Payables24,00,0006,40,00060,0003,00,00020,0003,50,00010,000 |
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Answer» Answer: TRADE Payables TURNOVER Ratio and Average Payment Period from the following: Total PURCHASES Cash Purchases Purchases RETURNS (out of credit purchases) Opening BALANCE of Creditors Opening Balance of Bills Payables Closing Balance of Creditors Closing Balance of Bills Payables 24,00,000 6,40,000 60,000 |
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