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Q1. What do you mean by the term Angle of Incidence?

Q2. Below are the budgeted sales of 6 months of Moon Limited, from July 2008 to December 2008:

July Rs.1,60,000/-
Aug. Rs.1,20,000/-
Sep. Rs.1,40,000/-
Oct. Rs.1,80,000/-
Nov. Rs.2,00,000/-
Dec. Rs.2,40,000/-

50% of Sales are on the cash. Debtors are permitted 2 months credit however will receive 5% cash discount if they pay off their dues in the month next to the month of sale.

80% of debtors generally clear their dues at the end of that period to avail themselves of cash discount and the balance 20% pay on due date.

Compute the budgeted collection from debtors for 3 months of October, November and December 2008.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M912638

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