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Commerce · Q708

Accounting

Graduate and Post Graduate · Commerce · question 708

Q708

If the average recovery period is 15 days and the average book receipts are Rs. 45,000, then what will be the total annual credit sales?

A.
Rs. 10,80,000
Answer
B.
Rs. 16,20,000
C.
Rs. 6,75,000
D.
Rs. 1,87,500

Answer: Option A

Solution

Answer: Option A
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