total sales =600,000, credit sales :70 %of credit sales, sales return :4 /5of credit sales, opening debtor =36625 closing debtor 43375
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Answered by
1
Explanation:
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Answered by
4
Answer:
Net sales = Credit Sales - Sales
Return
= 70% of 6,00,000 –
4/5th of 25,000
= 420,000 – 20,000
=4,00,000
Average Debtors = (Opening Debtors + Closing Debtors) / 2
Debtors Turnover Ratio = Net
Credit Sales/
Average Debtors
= 4,00,000/40,000
= 10 times.
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