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The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR OMR Credit Sales 50000 58000 66000 72000 Expected cash collection is 40% in the month of sales and remaining balance is expected to receive in the following month. Expected cash collection for the month of March is equal to: - O A OMR 66000 OBOMR 61200 OC OMR 62800 OD.OMR 49600

The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR OMR Credit Sales 50000 58000 66000 72000 Expected cash collection is 40% in the month of sales and remaining balance is expected to receive in the following month. Expected cash collection for the month of March is equal to: - O A OMR 66000 OBOMR 61200 OC OMR 62800 OD.OMR 49600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR OMR Credit Sales 50000 58000 66000 72000 Expected cash collection is 40% in the month of sales and remaining balance is expected to receive in the following month. Expected cash collection for the month of March is equal to: - OA. OMR 66000 O B. OMR 61200 OC OMR 62800 OD. OMR 49600
Transcribed Image Text:The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR OMR Credit Sales 50000 58000 66000 72000 Expected cash collection is 40% in the month of sales and remaining balance is expected to receive in the following month. Expected cash collection for the month of March is equal to: - OA. OMR 66000 O B. OMR 61200 OC OMR 62800 OD. OMR 49600
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