Q. Opening Debtors, Collection from Debtors and Discount Allowed were `3,15,000; `18,30,000 and `35,000 respectively. If the closing debtors were 20% of credit sales of the period then closing debtors and credit sales would be (Solved)
1. 3,51,667 and`17,58,333
2. 3,63,333 and `18,16,667
3. 3,87,500 and `19,37,500
4. 3,10,000 and `15,50,000
- c. 3,87,500 and `19,37,500