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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 Payment Period.
123 days
121 days
132 days
133 days
To calculate the Average Payment Period, we use the formula:
$$
\text{Average Payment Period} = \left(\frac{\text{Creditors} + \text{Bills Payable}}{\text{Purchases}}\right) \times 365
- Creditors: ?90,000
- Bills Payable: ?52,000
- Purchases: ?4,20,000
Let's calculate:
\text{Average Payment Period} = \left(\frac{90,000 + 52,000}{4,20,000}\right) \times 365
= \left(\frac{1,42,000}{4,20,000}\right) \times 365
= 0.3381 \times 365
= 123.38 \text{ days}
- Option 2: 121 days (Incorrect)
- Option 1: 123 days (Correct)
- Option 3: 132 days (Incorrect)
- Option 4: 133 days (Incorrect)
The correct answer is Option 1: 123 days.
By: AARTI ProfileResourcesReport error
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