If credit sales for the year is ₹ 5,40,000 and Debtors at the end of year is ₹ 90,000. The Average Collection Period will be? Assume 1 year = 360 days.
CS Executive · Financial and Strategic Management · PYQS · December 2024
If credit sales for the year is ₹ 5,40,000 and Debtors at the end of year is ₹ 90,000. The Average Collection Period will be? Assume 1 year = 360 days.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Management
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