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 :