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Subject - Accounting:

Cost and Management Accounting

MCQ - 259-261

Question:

If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be

  1. 30 days
  2. 61 days
  3. 90 days
  4. 61 days

Correct Answer: B

Explanation:

Not Required

Record Performance

355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 259-261.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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