Question - 40

Calculate the trade payable turnover ratio and debt payment period from the following :

Total purchase Rs. 10,00,000, Cash purchases Rs. 1,80,000, Purchases returns Rs. 20,000, Opening Balance : Creditors Rs. 60,000, B/P Rs. 50,000, Closing Balance: Creditors Rs. 70,000, B/P Rs. 60,000, Reserve for discount on creditors Rs. 20,000.

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