Use the information below to answer this question.
Stock11,250Debtors18,750Creditors3,750Bank4,000Net profit7,500Net60,000
Determine the debtors collection period
A 114 days
B 68 days
C 37 days
D 41 days
Answer is A
Tutors, Past Questions and Projects.
Use the information below to answer this question.
Stock11,250Debtors18,750Creditors3,750Bank4,000Net profit7,500Net60,000
Determine the debtors collection period
A 114 days
B 68 days
C 37 days
D 41 days
Answer is A
