Cash sales being 25 of credit sales excess of closing
Closing Debtors ?2,00,000. Cash Sales being 25% of Credit Sales. Excess of closing debtors over opening debtors? 80,000. Total sales ?12,00,000. Calculate Debtors Turnover Ratio and Average Collection period.
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closing debtors 200000 cash sales being 25 of credit sales excess of closing debtors over opening debtors 80000 total
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