Question
ABC Ltd’s purchases during the year were Rs 200000. The balance sheet shows an average accounts payable balance of Rs 15000. ABC’s payables period approximately equals to:
More Chapter Test Questions
- Which of the following is a window for the banks to borrow from RBI in an emergency when inter-bank liquidity dries up completely.
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- The Cash Conversion Cycle (CCC) is calculated as:
- Which accounting concept assumes that a business will continue operating into the foreseeable future?
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