From the following information, calculate Opening Trade Receivables and Closing Trade Receivables:

Trade Receivables Turnover Ratio — 4 times

Closing Trade Receivables were  ₹20,000 more than that in the beginning.

Cost of Revenue from operations — ₹6,40,000.

Cash Revenue from operations 1/3rd of Credit Revenue from Operations

Gross Profit Ratio — 20%

 

Marks-4, CBSE: 2024-25/Zone-2/Set-1/Q-33(a)

Answer :

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