If average collection period is 15 days and average account receivables is ₹45,000, the total amount of credit sales will be (assume 360 days in a year) —
CS Executive · Cost and Management Accounting · PYQS · June 2016
If average collection period is 15 days and average account receivables is ₹45,000, the total amount of credit sales will be (assume 360 days in a year) —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statement Analysis
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