Management Accounting Test Questions

Q.  Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000.

a. 4 times
b. 2 times
c. 6 times
d. 8 times

ANSWER: See Answer
No explanation is available for this question!