Net credit sales of business was Rs. 1,75,000. Debtors Turnover ratio is 8 times. Closing debtors were in excess of opening debtors by Rs. 7,000. Opening debtors will be
A. Rs. 18,375
B. Rs. 21,875
C. Rs. 25,375
D. None of the above
Answer: Option A
This Question Belongs to Commerce >> Accounting
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