In Rise Ltd., cash sales is 25% and credit sales 75%. Sales for November, 2014 is ₹15,00,000, December, 2014 ₹14,00,000, January, 2015 ₹16,00,000, February, 2015 ₹10,00,000 and March, 2015 ₹9,00,000. 60% of the credit sa
CS Executive · Cost and Management Accounting · PYQS · June 2015
In Rise Ltd., cash sales is 25% and credit sales 75%. Sales for November, 2014 is ₹15,00,000, December, 2014 ₹14,00,000, January, 2015 ₹16,00,000, February, 2015 ₹10,00,000 and March, 2015 ₹9,00,000. 60% of the credit sales are collected in the next month after sales, 30% in the second month and 10% in the third month. No bad debts are anticipated. The cash collected in the month of March, 2015 from debtors is —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Budgeting
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