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If the average collection period is 15 days and average book receivables is Rs. 60,000 then what will be the total annual credit sales?

A. Rs. 14,00,000

B. Rs. 9,00,000

C. Rs. 2,16,00,000

D. Rs. 1,08,00,000

Answer: Option A


This Question Belongs to Commerce >> Accounting

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