MCQOPTIONS
Saved Bookmarks
| 1. |
Opening Debtors, Collection from Debtors and Discount Allowed were `3,15,000; `18,30,000 and `35,000 respectively. If the closing debtors were 20% of credit sales of the period then closing debtors and credit sales would be |
| A. | 3,51,667 and`17,58,333 |
| B. | 3,63,333 and `18,16,667 |
| C. | 3,87,500 and `19,37,500 |
| D. | 3,10,000 and `15,50,000 |
| Answer» D. 3,10,000 and `15,50,000 | |