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
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
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Join The Discussion