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Question

Compute Trade Receivables Turnover Ratio from the following:
31st March, 2018(₹) 31st March, 2019(₹)
Revenue from Operations (Net Sales) 8,00,000 7,00,000
Debtors in the beginning of year 83,000 1,17,000
Debtors at the end of year 1,17,000 83,000
Sales Return 1,00,000 50,000

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Solution

Average Debtors =Opening Debtors + Closing Debtors2In 2017 = 83,000 + 1,17,0002 = Rs 1,00,000In 2018 = 1,17,000 + 83,0002 = Rs 1,00,000


Debtors Turnover Ratio = Net SalesAverage Debtors In 2017 = 8,00,0001,00,000 = 8 Times In 2018 = 7,00,0001,00,000 = 7 Times


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