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The cash collection from the sales during february was 60

Question - At the end of February this year, account receivable was $60,000. The Cash collection from the sales during February was 60% and the remaining to be collected next month. Find the total sales realized during February.

1. $60,000/40%

2. $60,000

3. $60,000/60%

4. $100,000

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Accounting Basics: The cash collection from the sales during february was 60

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Accounting Basics: The cash collection from the sales during february was 60

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