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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​

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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