Question

Opening Debtors, Collection from Debtors and Discount Allowed were 3,15,000
18,30,000 and 35,000 respectively. If the closing debtors were 20% of credit sales the period then what would be the closing debtors and credit sales.
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Answer 1

Answer:

Opening Debtors, Collection from Debtors and Discount Allowed were 3,15,000

18,30,000 and 35,000 respectively. If the closing debtors were 20% of credit sales the period

closing dabtor 31 March 20222

credit sale. 63000