Given: Month April, 2020 May, 2020 June, 2020 Total Sales (₹) 35 Lakh 38 Lakh 40 Lakh 20% of the sales are on cash basis and the remaining on credit basis. 2% of credit sales constitute evenly distributed bad debt losses
CS Executive · Cost and Management Accounting · PYQS · December 2021
Given: Month April, 2020 May, 2020 June, 2020 Total Sales (₹) 35 Lakh 38 Lakh 40 Lakh 20% of the sales are on cash basis and the remaining on credit basis. 2% of credit sales constitute evenly distributed bad debt losses. 50% of accounts receivables are collected in the month of the sales and the rest in the next month, then the collection from accounts receivables in the month of June, 2020 will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Statement Analysis
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