The Budget sales for the next 4 quarter are - ₹1,92,000, ₹2,88,000, ₹2,88,000 and ₹3,36,000 respectively. It is estimated that sales will be paid for as follows: 75% of the sales will be paid in the quarter in which sale
CS Executive · Corporate and Management Accounting · PYQS · June 2021
The Budget sales for the next 4 quarter are - ₹1,92,000, ₹2,88,000, ₹2,88,000 and ₹3,36,000 respectively. It is estimated that sales will be paid for as follows: 75% of the sales will be paid in the quarter in which sales were made. Of the balance 50% will be paid in the quarter after the sales was made. The remaining 50% will be paid in the quarter after this. The amount of cash received in quarter 3rd will be ............
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Management Accounting
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