Question

Total sales=600000, credit sales=70%of total sales, sales return 4/5th out of credit sales=25000, opening debtor=36625,closing debtor=43375

Answer 1

Step-by-step explanation:

credit sales 70%of 600000=

420000

sales return 4/5 out of credit sales=25000

opening debtor- 36625

add-credit sales 420000

456625

less sales return 25000

and closing debtors 43375

cash received from debtors 393250