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

  • question_answer
    Credit purchase during the year 10,00,000; Opening creditors 80,000; Closing creditors 1,20,000. Trade payable turnover ratio will be:

    A) 12.5 times

    B) 10 times

    C) 8.33 times

    D) 15 times

    Correct Answer: B

    Solution :

    10 times

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