Question on: JAMB Accounting - 2015
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
A
114 days
B
68 days
C
37 days
D
41 days
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses