Question
Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000. Receivables Velocity/average collection period of the company?
More Accounts Questions
- Under Section 16 of the CGST Act, 2017, which of the following is NOT a valid condition for availing Input Tax Credit (ITC)?
- In the context of money laundering, the stage called Integration refers to:
- Forfeiture of shares occurs when a shareholder:
- How is working capital provided by banks calculated under the Turnover Method?
- High dividend payout is preferred when:
- A sharp increase in short-term liabilities without matching current assets indicates:
- Under the Expected Credit Loss (ECL) model, how are trade receivables without a significant financing component measured for impairment?
- Under The Foreign Exchange Management Act, 1999, which of the following correctly describes the treatment of current account transactions?
- In a Life Insurance company, Premium earned during the year is ₹50 crore, Claims incurred ₹20 crore, Commission ₹5 crore, Operating Expenses ₹4 crore. Calc...
- Which among the following is a Progressive Tax?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)