The Trade Payables Turnover Ratio is calculated using the formula: Trade Payables Turnover Ratio = Net Credit Purchases / Average Trade Payables Net Credit Purchases = Purchases - Cash Purchases - Purchases Return Net Credit Purchases = ₹14,00,000 - ₹5,00,000 - ₹1,00,000 = ₹8,00,000 Average Trade Payables = (Opening Creditors and Bills Payable + Closing Creditors and Bills Payable) / 2 Average Trade Payables = (₹80,000 + ₹3,000 + ₹1,00,000 + ₹17,000) / 2 = ₹1,00,000 Trade Payables Turnover Ratio = ₹8,00,000 / ₹1,00,000 = 8 times
A prospectus used to raise capital from the public but which does not specify the price or quantity of the public issue is known as _________
In finance and corporate accounting, there exists a pivotal metric denoted as EBIT, it's often noted that EBIT bears a striking resemblance to which of ...
Identify the incorrect statement about NBFC (Nonbanking finance company)
Consider the following statements and state which among the following are the correct statements for Nidhi companies?
A. Nidhi companies can borr...
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
What is the ethical responsibility of boards regarding stakeholder engagement?
If the depreciation on machinery kept in the factory is charged, which among the following will go up?
Which of the following methods is not a method of quantitative control by RBI?
Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding are 40000 at a market price of 18 per share. What ...
A portfolio to the right of the market portfolio on the Capital Market Line is:
