B Raj Ltd sells goods on cash as well as credit. The following particulars are extracted from
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B Raj Ltd sells goods on cash as well as credit. The following particulars are extracted from their books of accounts for the current year-end.
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Particulars Total gross sales Cash sales (included in above) Sales returns Total debtors at the end Bills receivable Provision for doubtful debts at the end of the year Total creditors at the end Calculate the average collection period. Amount (in lakh of rupees) 100 20 7 9 2 1 10
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Total net credit sales Gross sales Cash sales Sa...View the full answer
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Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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