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Lhps music

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Joined: August 2023

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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

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