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CUET Accountancy 2024

Accountancy
>
Accounting Ratios

Easy

Particulars ₹
Revenue from Operations 8,75,000
Creditors 90,000
Bills Receivable 48,000
Bills Payable 52,000
Purchases 4,20,000
Trade Debtors 59,000

Calculate Average Collection Period.

Correct Option: 3
The Average Collection Period is calculated as:
Average Collection Period=365Trade Receivables Turnover Ratio=3658.18=44.62 days≈45 days \text{Average Collection Period} = \frac{365}{\text{Trade Receivables Turnover Ratio}} = \frac{365}{8.18} = 44.62 \text{ days} \approx 45 \text{ days}

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