alleryStart learning →Cash receipts were Rs 2,00,000, of which Rs 1,20,000 came from debtors. Cash sales were what?
ARs 1,20,000
BRs 3,20,000
CRs 80,000
DRs 2,00,000
Answer & Solution
Correct answer: C. Rs 80,000
Cash sales = total receipts less collections from debtors = 2,00,000 - 1,20,000 = 80,000.
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