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The Trade Payables Turnover Ratio is calculated using the formula: Trade Payables Turnover Ratio = Net Credit Purchases / Average Trade Payables Net Credit Purchases = Purchases - Cash Purchases - Purchases Return Net Credit Purchases = ₹14,00,000 - ₹5,00,000 - ₹1,00,000 = ₹8,00,000 Average Trade Payables = (Opening Creditors and Bills Payable + Closing Creditors and Bills Payable) / 2 Average Trade Payables = (₹80,000 + ₹3,000 + ₹1,00,000 + ₹17,000) / 2 = ₹1,00,000 Trade Payables Turnover Ratio = ₹8,00,000 / ₹1,00,000 = 8 times
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The interest earned on investing Rs. 5000 for 2 years at the rate of 20% p.a., compounded annually, is used to purchase an article. If the article is la...
A man deposited Rs. ‘x + 1000’ at 12% per annum simple interest and earned Rs. 528 as interest after 2 years. Find the interest earned by him if he ...
A person invested ₹15,000 in two schemes, Scheme A offering 10% per annum simple interest, and Scheme B offering 12% per annum simple interest. If the...
The simple interest earned on ₹3,000 at a rate of 8% per annum for 4 years is ₹x. If ₹2,520 is the simple interest earned on ₹5,000 at a rate of...
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 120. If...
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A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
A Man deposited certain amount in the Bank at the end of each year. How much amount did he deposited at the end of each year at the rate of 15% simple ...
Karan invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 15% for...
