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Question No 39 Chapter 7 – UNIMAX Class 12 Part 2 – 2021

Question No 39 Chapter 7 – UNIMAX Class 12 Part 2 – 2021

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Question No 39 Chapter 7 – UNIMAX Class 12 Part 2 – 2021

 39. From the following calculate creditors turnover ratio and the average payment period:

Particulars(₹)
Total purchases2,75,000
Cash purchases [include in the above]60,000
Purchases returns35,000
Creditors at the end45,000
Bills payable at the end15,000
Reserve for discount on creditors7,200

The solution of Question No 39 Chapter 7 – UNIMAX Class 12 Part 2 – 2021: –

Creditors turnover ratio

=Net credit sales
Average account payable

 

 

 

 

=2,75,000 – 60,000 -35,000
45,000 + 15,000

 

=1,80,000
60,000
 =3 times 

Average collection period

=12 months
DTR

 

 

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=12=4  months Ans.
3

 

 

 

End of Solution


Check Out the Solution of all questions for this chapter:

The solution to all questions of Chapter No. 7 – Ratio Analysis Class 12 Unimax is shown as follows, click on the image of the question to get the solution.

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Check out all books for PSEB

1. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 1 Class 12 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy Part 1 in Class 12. With their meticulously curated study material, students can access comprehensive solutions to all the questions in each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 12 examinations.

2. Comprehensive Solutions for All Chapters of Advanced Accountancy Part 2 Class 12 by Unimax

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Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 12, exploring a wide range of books to cover the syllabus thoroughly is essential. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to various writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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