Credit sales ₹3,00,000, Opening balance of accounts receivable ₹50,000 and Closing balance of accounts receivable ₹70,000 (assuming 360 days in a year). Debtors turnover ratio will be :
CS Executive · Cost and Management Accounting · PYQS · June 2017
Credit sales ₹3,00,000, Opening balance of accounts receivable ₹50,000 and Closing balance of accounts receivable ₹70,000 (assuming 360 days in a year). Debtors turnover ratio will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Ratio Analysis
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