Sales (in units): Jan. 1,000, Feb. 2,000, Mar. 3,000, Apr. 4,000. 20% of the Sales are on cash basis and the balance on credit basis. Uniform Selling Price ₹20 per unit. 50% of credit sales are collected in the month fol
CS Executive · Corporate and Management Accounting · PYQS · December 2020
Sales (in units): Jan. 1,000, Feb. 2,000, Mar. 3,000, Apr. 4,000. 20% of the Sales are on cash basis and the balance on credit basis. Uniform Selling Price ₹20 per unit. 50% of credit sales are collected in the month following the sales, 50% of the remaining in the second month and the balance in the third month. Calculate the total amount of Cash Sales and Collection from Debtors during the month of April :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Management Accounting
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