Solution-Find out the sundry creditors and sundry debtors

Find out the sundry creditors and sundry debtors

Reference no: EM132577005

Debtors velocity 1.5 months

Stock velocity 4 months

Creditors velocity 1 month

Gross profit ratio 25%. Gross profit for the year amounts to Rs. 2,00,000. Closing Stock for the year is Rs. 20,000 above the Opening Stock. Bills Receivable amount to Rs. 25,000 and Bills Payable Rs. 5,666.

Question a: Find out the following figures:

1. Sales

2. Sundry debtors

3. Closing stock

4. Sundry Creditors

Reference no: EM132577005

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Find out the sundry creditors and sundry debtors

Reference no: EM132577005

Reference no: EM132577005

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