Question
Given the following information, calculate the Trade
Payables Turnover Ratio: Opening Sundry Creditors: ₹80,000 Opening Bills Payable: ₹3,000 Closing Sundry Creditors: ₹1,00,000 Closing Bills Payable: ₹17,000 Purchases: ₹14,00,000 Cash Purchases: ₹5,00,000 Purchases Return: ₹1,00,000Solution
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
Identify the correct statement about Financial Stability & Development Council.
1. It became operational in 2010
What is the goal of the "Sangathan se Samriddhi" national campaign recently launched under the DAY-NRLM scheme?
Consider the following regarding “Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP)”;
- Pradhan Mantri Bhartiya Janaushadhi Pariyoj...
As per the information by the Director General of Commercial Intelligence and Statistics (DGCIS), the share of export of MSME Specified products in all ...
What was the original name of the Deendayal Antyodaya Yojana - National Rural Livelihood Mission (DAY-NRLM) scheme before its renaming?
Fiscal Deficit in 2024-25 is estimated to be at _________ of GDP as per the Union Budget 2024 (Interim) Statement.
What is the rank of India in Gender Gap report?
When does the coverage period for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) start and end?
Consider the following statements:
I. Recently revamped Ayushman Bharat Health Account (ABHA) mobile application has been launched under Ayushman...
Fill in the second Blank with the age group to which free and compulsory education is ensured through RTE Act?
