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Commerce · Q2230

Accounting

Graduate and Post Graduate · Commerce · question 2230

Q2230

If the average collection period is 15 days and average book receivables is Rs. 60,000 then what will be the total annual credit sales?

A.
Rs. 14,00,000
Answer
B.
Rs. 9,00,000
C.
Rs. 2,16,00,000
D.
Rs. 1,08,00,000

Answer: Option A

Solution

Answer: Option A
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