Multiple Choice Questions on If credit sales for the year is Rs 5 40 000 and Debtors at the end of year is Rs 90 000 Average Coll........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

If credit sales for the year is Rs 5 40 000 and Debtors at the end of year is Rs 90 000 Average Coll...........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000, Average Collection Period will be:

    30 days 

    Incorrect Answer

    61 days 

    Correct Answer

    90 days 

    Incorrect Answer

    120 days

    Incorrect Answer
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    Explanation:

    Average Collection Period= 365 days/ Debtors Turnover Ratio

    Debtors Turnover Ratio= 5,40,000/90,000= 6 times

    Average Collection Period=365/6=61 days (approx.)

    By: Vikas Goyal
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