Debtor velocity = 3 months Annual Sales ₹25,00,000 Bills receivable & bills payable at the end of the year were ₹60,000 and ₹36,667 respectively. Calculate Sundry debtors :
CS Executive · Cost and Management Accounting · PYQS · December 2019
Debtor velocity = 3 months Annual Sales ₹25,00,000 Bills receivable & bills payable at the end of the year were ₹60,000 and ₹36,667 respectively. Calculate Sundry debtors :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Financial Statement Analysis
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