=+ Eighty per cent of sales are on account, of which half are collected in the month

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=+◗ Eighty per cent of sales are on account, of which half are collected in the month of the sale, 49% are collected the following month and 1% are never collected and written off as bad debts.

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Cost Accounting A Managerial Emphasis

ISBN: 9781442563377

2nd Edition

Authors: Monte Wynder, Madhav V. Rajan, Srikant M. Datar, Charles T. Horngren, William Maguire, Rebecca Tan

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