Given:
| Gross Profit | Rs. 60,000 |
| Gross Profit rate | 20% |
| Debtors velocity | 2 Month |
The amount of debtors will be:
A. Rs. 12,000
B. Rs. 50,000
C. Rs. 1,20,000
D. Rs. 3,00,000
Answer: Option B
This Question Belongs to Commerce >> Accounting
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The Answer is 50,000/=
(60,000/.2)=3,00,000
3,00,000/12*2=50,000
So, the option is B