**SOLUTION**

**Trade Receivable Turnover Ratio = Net Credit Sales / Average Trade Receivables8 = 1,75,000 / Average Trade ReceivablesAverage Trade Receivables = Rs. 21,875Let Opening Trade Receivables = x**

**∴**

**Closing Trade Receivables = x + 7,000**

Average Trade Receivables = Opening Trade Receivable + Closing Trade Receivable / 2

21,875 = x+ x + 7,000 / 2

or, 43,750 = 2x + 7,000

or, 2x = 36,750

or, x = Rs. 18,375

Average Trade Receivables = Opening Trade Receivable + Closing Trade Receivable / 2

21,875 = x+ x + 7,000 / 2

or, 43,750 = 2x + 7,000

or, 2x = 36,750

or, x = Rs. 18,375

**∴ Opening Trade Receivables = x = 18,375****Closing Trade Receivables = x + 7,000 = 25,375**