Question
Credit sales of Jump Ltd. for the year is $ 12,00,000 and debtors at the end of year $ 240,000. Assuming 360 days in
Credit sales of Jump Ltd. for the year is $ 12,00,000 and debtors at the end of year $ 240,000. Assuming 360 days in a year, calculate the average collection period.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
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