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12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    A firm made credit Revenue from Operations is Rs.8,20,000 during the year. If the trade receivables turnover ratio is 10 times, closing trade receivables are more by Rs.8,000 than the opening trade receivables. Closing Trade Receivable will be:

    A) 78,000

    B) 82,000

    C) 86,000

    D) 90,000

    Correct Answer: C

    Solution :

    86,000


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