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

  • question_answer
    Cost of Revenue from operation 10,00,000; Gross profit 20% on revenue from operation; Cash revenue from operation 20% of total revenue from operation; Trade receivable turnover ratio 10 times; closing trade receivables are 1/4th of opening trade receivables. Closing trade receivable will be:

    A) 40,000

    B) 80,000

    C) 1,20,000

    D) 1,60,000

    Correct Answer: A

    Solution :


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