Use the information below to answer this question.
...Use the information below to answer this question.
\(\begin{array}{c|c} \text{Stock} & 11,250 \\ \hline \text{Debtors} & 18,750 \\ \hline \text{Creditors} & 3,750 \\ \hline \text{Bank} & 4,000 \\ \hline \text{Net profit} & 7,500 \\ \hline \text{Net} & 60,000 \\ \end{array}\)
Determine the debtors collection period
114 days
68 days
37 days
41 days
Correct answer is A
No explanation has been provided for this answer.
Manufacturing account is prepared to determine the ...
The sales day Book is used to record ...
Income received in advance is shown in the balance sheet as ...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...
Carriage inward expenses of a business is treated in ...
Dr. Sales Ledger Control Account . Cr ₦ ₦ ...
When the purchase consideration exceeds the value of business, the difference is ...
When the invoice of a customer is overcast, the supplier will send to him a ...
A debit entry in the cash account and a corresponding credit in Alieu's account indicate a ...