41. Calculate amount of Opening Trade Receivables and Closing Trade Receivables from the following figures:

Trade Receivable Turnover ratio 5 times
Cost of Revenue from Operations ₹ 8,00,000
Gross Profit ratio 20%
Closing Trade Receivables were ₹ 40,000 more than in the beginning
Cash sales being ¼ times of Credit sales

Marks-4, CBSE:2018-19/Sample/Q-21*

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