9.
From the following information of Bhim Ltd., find cash received from sales fo
of October month as per cash budget :
la
R
Month
Sales Rs. Month
Sales Rs.
July
3,00,000 September 4,00,000
August 3,50,000 October 4,50,000
E
Cash sales are 30% of total sales. 50% of the credit sales are collected
in the month after sales, 40% in the second month after sales, and 10% in the
third month after sales.
(A) Rs. 3,94,000
(B) Rs. 4,78,000
(C) Rs. 6,16,000
(D) Rs. 7,00,000
Answers
Answered by
2
Answer:
July credit sale 300000*70/100*10/100= 21000
August credit sale = 350000*70/100*40/100=98000
September credit sale = 400000*70/100*50/100= 140000 (these amounts collected in month of October)
October cash sale = 450000*30/100=135000
total amount collected from cash of sale in October
21000+98000+140000+135000=394000
option A is correct
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