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Commerce · Q784

Costing

Graduate and Post Graduate · Commerce · question 784

Q784

Determine the debtors turnover ratio if, closing debtors is Rs. 40,000, cash sale is 25% of credit sales, and excess of closing debtors over opening debtors is Rs. 20,000.

A.
4 times
Answer
B.
2 times
C.
6 times
D.
8 times

Answer: Option A

Solution

Answer: Option A
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