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

  • question_answer
    A firm made Revenue from Operations is Rs.10,00,000 during the year. Cash revenue from operation is 25% of credit revenue from operation; Trade receivables turnover ratio is 5 times, closing trade receivables are 1/4th of opening trade receivables. Closing trade receivable will be:

    A) 64,000

    B) 2,56,000

    C) 3,20,000

    D) 32,000

    Correct Answer: A

    Solution :

    64,000


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