Credit Purchases Rs.9,60,000; Cash Purchases Rs.6,40,000; Creditors Rs.2,40,000; Bills Payable Rs.80,000. Average Payment Period will be :
A. 3 months
B. 4 months
C. 2.4 months
D. 6 months
Answer:B
Credit Purchases Rs.9,60,000; Cash Purchases Rs.6,40,000; Creditors Rs.2,40,000; Bills Payable Rs.80,000. Average Payment Period will be :
A. 3 months B. 4 months C. 2.4 months D. 6 months