The Budgeted Sales for the next 4 months are - ₹96,000; ₹1,44,000; ₹1,44,000 and ₹1,68,000 respectively. It is estimated that sales will be paid for as follows: 75% of the sales will be paid in the month in which sales w
CS Executive · Corporate and Management Accounting · PYQS · June 2022
The Budgeted Sales for the next 4 months are - ₹96,000; ₹1,44,000; ₹1,44,000 and ₹1,68,000 respectively. It is estimated that sales will be paid for as follows: 75% of the sales will be paid in the month in which sales were made. Of the balance, 50% will be paid in the month after the sales was made. The remaining 50% will be paid in the month after this. The amount of cash received in the 3rd month will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Management Accounting
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