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The following details have been extracted from the debtor collection records of S Plc Invoice paid in the month after sale 60% Invoice paid in
The following details have been extracted from the debtor collection records of S Plc
Invoice paid in the month after sale
| 60% |
Invoice paid in the second month after sale
| 20% |
Invoice paid in the third month after sale | 10% |
Bad debts | 10% |
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Customers paying in the month after sale are entitled to a 15% discount. Credit sales for January to April are budgeted as follows:
Jan P40,000 | Feb P45,000 | Mar P50,000 | April P60,000 |
Required: Calculate the amount due to be received from debtors in April.
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