From the following information, calculate debtor's turnover ratio : Closing debtors ₹2,00,000, Cash sales 25% of credit sales; Excess of closing debtors over opening debtors ₹80,000, Total sales ₹12,00,000
CS Executive · Corporate and Management Accounting · PYQS · December 2021
From the following information, calculate debtor's turnover ratio : Closing debtors ₹2,00,000, Cash sales 25% of credit sales; Excess of closing debtors over opening debtors ₹80,000, Total sales ₹12,00,000
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Management Accounting
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