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प्रश्न
Calculate Trade Payables Turnover Ratio (up-to two decimal places) from the following information:
| Particulars | (₹) |
| Trade Payables at the beginning of the year | 70,000 |
| Trade Payables at the end of the year | 80,000 |
| Payment to Trade Payables | 3,20,000 |
| Returns to Credit suppliers | 30,000 |
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उत्तर
Average trade payables = `("Trade payables at beginning" + "Trade payables at end")/2`
`= (70,000 + 80,000)/2`
`= (1,50,000)/2`
= ₹ 75,000
Net credit purchases = Payment made to trade payables + Trade payables at end - Trade payables at beginning
= 3,20,000 + 80,000 - 70,000
= ₹ 3,30,000
Trade Payables Turnover Ratio = `"Net Credit Purchases"/"Average Trade Payable"`
`= (3,30,000)/(75,000)`
= 4.4 times
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संबंधित प्रश्न
Mention whether the following Trade Payable is current liability or non current liability:
| Operating Cycle | Expected Period of Payment |
| 15 months | 12 months |
Where are amounts owed by customers for credit purchases found?
Average Payment Period is particularly useful for ______ since it helps in knowing bill- paying patterns of the firm.
