What is the numerator to be used in Trade Receivables Turnover Ratio? Post category:Accountancy Reading time:1 mins read SOLUTION Numerator to be used in Trade Receivables Turnover Ratio is Net Credit Revenue from Operations. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat does Trade Receivables Turnover Ratio indicate? Next PostWhat is the denominator to be used while calculating Trade Receivables Turnover Ratio? You Might Also Like P, Q, R and S were partners in a firm sharing profits in the ratio of 5 : 3 : 1 : 1. On 1st January, 2019, S retired from the firm. On S’s retirement, goodwill of the firm was valued at Rs. 4,20,000. New profit-sharing ratio among P, Q and R will be 4 : 3 : 3. Showing your working notes clearly, pass necessary Journal entry for the treatment of goodwill in the books of the firm on S’s retirement. August 3, 2022 Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022 What is meant by retirement of a partner? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
P, Q, R and S were partners in a firm sharing profits in the ratio of 5 : 3 : 1 : 1. On 1st January, 2019, S retired from the firm. On S’s retirement, goodwill of the firm was valued at Rs. 4,20,000. New profit-sharing ratio among P, Q and R will be 4 : 3 : 3. Showing your working notes clearly, pass necessary Journal entry for the treatment of goodwill in the books of the firm on S’s retirement. August 3, 2022
Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022