Use the information below to answer this question.

$\begin{array}{c|c} \text{Stock} & 11,250 \\ \hline \text{Debtors} & 18,750 \\ \hline \text{Creditors} & 3,750 \\ \hline \text{Bank} & 4,000 \\ \hline \text{Net profit} & 7,500 \\ \hline \text{Net} & 60,000 \\ \end{array}$

Determine the debtors collection period

Similar Questions

If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an ...

Yahya's bank account shows a credit balance of N1500,000. He paid N1700,000 into the bank. What...

Which of the following is not a type of branch? ...

Which of the following is a credit item on an income and expenditure account? ...

Goodwill can be created in the books of a partnership firm when ...

When a customer's cheque is returned unpaid in a debtor's control accounting system, the tre...

Use the following information to answer the given question. John and Johnson are in partnership, sh...

Which of the following accounts belongs to the personal ledger? ...

One of the objectives of accounting is that it can be used for ...

What is the total income for the period? ...