Q.

The following details have been extracted from the debtors collection records of X limited:
Invoices paid in the month after sale 60%
Invoices pain in the second month after sale 20%
Invoices paid in the third month after sale 15%
Bad debts 5%
Credit sales for June to August 2014 or budgeted as follows:
June Rs. 1,00,000
July Rs. 1,50,000
August Rs. 1,30,000
customers pain in the month after sale are entitled to deduct a 2% cash discount. Invoices are issued on the last day of the month. The amount budgeted to be received in September 2014 from credit sales is

A. rs. 1,16,750
B. rs. 1,15,190
C. rs. 1,23,000
D. rs. 1,21,440
Answer» D. rs. 1,21,440
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Navami Sibal
1 year ago

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