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 times, closing trade receivables are 1/3rd of 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: A

    Solution :


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