56. Given estimated sales in February, March, April, May and June are ₹90,000, ₹96,000, ₹54,000, ₹87,000 and ₹63,000 respectively. In case 50% of sales are realized in the next month and the balance in the next of next m
CS Executive · Cost and Management Accounting · PYQS · June 2021
56. Given estimated sales in February, March, April, May and June are ₹90,000, ₹96,000, ₹54,000, ₹87,000 and ₹63,000 respectively. In case 50% of sales are realized in the next month and the balance in the next of next month, determine cash collection from sales in April and May.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Budgetary Control
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