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Management · Q1147

Financial Management

Graduate and Post Graduate · Management · question 1147

Q1147

If the closing balance of receivables is less than the opening balance for a month then which one is true out of:

A.
Collections > Current Purchases
B.
Collections > Current Sales
Answer
C.
Collections < Current Purchases
D.
Collections < Current Sales

Answer: Option B

Solution

Answer: Option B
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