Credit sales of Jump Ltd. for the year is ₹12,00,000 and debtors at the end of year ₹2,40,000. Assuming 360 days in a year, average collection period will be —
CS Executive · Cost and Management Accounting · PYQS · June 2015
Credit sales of Jump Ltd. for the year is ₹12,00,000 and debtors at the end of year ₹2,40,000. Assuming 360 days in a year, average collection period will be —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Analysis
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