Opening and closing balance of creditors are ₹ 3,00,000 & ₹ 3,60,000 respectively. Raw material purchased on credit was ₹ 11,00,000. Creditor's payment period for the purpose of working capital statement will be : [1
CS Executive · Financial and Strategic Management · PYQS · December 2024
Opening and closing balance of creditors are ₹ 3,00,000 & ₹ 3,60,000 respectively. Raw material purchased on credit was ₹ 11,00,000. Creditor's payment period for the purpose of working capital statement will be : [1 year = 360 days]
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Management
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