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

  • question_answer
    A firm made credit Revenue from Operations is Rs.10,00,000 during the year. If the trade receivables turnover ratio is 10 tunes, closing trade receivables are two times more in comparison to opening trade receivables. Closing trade receivable will be:

    A) 50,000

    B) 1,00,000

    C) 1,50,000

    D) 2,00,000

    Correct Answer: C

    Solution :


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