Answered: Find Debtors turnover ratio and…

Find Debtors turnover ratio and velocity If sales is ₹ 20.00 lakhs, Opening balance of debtors is ₹ 3.00 lakhs,closing balance of debtors is ₹ 5.00 lakhs and number of days in a year is 365

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

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Find Debtors turnover ratio and velocity If sales is ₹ 20.00 lakhs, Opening balance of debtors is ₹ 3.00 lakhs,closing balance of debtors is ₹ 5.00 lakhs and number of days in a year is 365.

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