Question : 12,00,000 in credit sales and 2,40,000 in debts were owed by ABC Ltd. at the conclusion of the year. With a year of 360 days,what will be the average collection period?
Option 1: 180 Days
Option 2: 60 Days
Option 3: 80 Days
Option 4: 72 Days
Correct Answer: 72 Days
Solution : Average Collection Period = Debtors / Credit Sales × 360 = 2,40,000 /1 2,00,000 × 360 = 72 days Hence option 4 is the correct answer.
Question : A, B and C were partners sharing profits and losses in the ratio of 2:2: l. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000 And Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. share of
Question : Aman, Raman and Suman were partners sharing profits a ratio of 3:2:1 respectively. The profit and sales for the year ended 31 March 2017 were Rs.3 lakh and Rs.10 lakh respectively. Aman died on 30th November, 2017. Calculate the share of a deceased partner in the profits for
Question : Shivam, the manager of ABC Ltd does not allow the salesman working under him to freely express their creative ideas regarding the sales target fulfilment. Identify the organisational behaviour expressed here.
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were
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