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Given Gross Profit Rs 60 000 Gross Profit rate &nbsp &nbsp...

This question belongs to Commerce Accounting
Accounting
?

Given:
Gross Profit Rs. 60,000
Gross Profit rate       20%
Debtors velocity 2 Month

The amount of debtors will be:

Answer & Solution
Correct Answer: Option B
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1 Comment
Mohammad Sumon
Mohammad Sumon 3 years ago
The Answer is 50,000/=
(60,000/.2)=3,00,000
3,00,000/12*2=50,000
So, the option is B
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