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following are the ratios of the business of Gupta Traders Ltd,deals with steel utensils for the year ending 31st March,2002 Average collection period - 3months stock turnover ratio - 1.5 times average payment period - 2 months gross profit ratio - 25% opening recievables - 600000 gross profit ratio for the year ended 31st March 2002 amounted to Rs.800000 closing stock of the year is Rs.20000 above the opening stock. bills Receivable amounted to Rs.50000 and bills payable to Rs.20000. Calculate (a) sales (b)sundy debtors (c)closing stock (d)sundry creditors

Posted by Viahal Sharma 3 years, 9 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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