Management Accounting Test Questions

Q.  Given estimated sales in February, March, April, May and June are Rs 90,000, Rs 96,000, Rs 54,000, Rs 87,000 and Rs 63,000. In case 50% of sales are realized in the next month and balance in the next of next month, determine cash collection from sales in April and May.

a. Rs 93,000 and Rs 75,000
b. Rs 93,000 and Rs 70,500
c. Rs 75,000 and Rs 70,500
d. None of the above

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