Kriti Ltd. has provided following information for the quarter January to March: January February March Sales @ ₹20 per unit (units) 1,000 2,000 3,000 Closing debtors (₹) 16,000 40,000 64,000 20% of the sales are on cash
CS Executive · Cost and Management Accounting · PYQS · June 2016
Kriti Ltd. has provided following information for the quarter January to March: January February March Sales @ ₹20 per unit (units) 1,000 2,000 3,000 Closing debtors (₹) 16,000 40,000 64,000 20% of the sales are on cash basis and balance on credit basis. The amount to be collected from debtors in the month of February and March will be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Budgeting
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