Latest comments and ratings
On FinanceGPT
Lhps music
Aug 23, 2023
You are given the following information obtained from a company: Debtors Collection Period 2 months, Creditors Payment Period 3 months, Cost of Sales Rs.1,800,000, Gross Profit Margin 25% of sales, Opening Stocks Rs.540,000, Closing Stocks 10% of sales. What is the amount of Trade Debtors balance of the company?
Select one:
a. Rs.425,000
b. None of these
c. Rs.550,000
d. Rs.400,000
e. Rs.500,000