The following details have been extracted from the debtor collection records of S Plc Invoice...
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Accounting
The following details have been extracted from the debtor collection records of S Plc Invoice paid in the month after sale Invoice paid in the second month after sale Invoice paid in the third month after sale Bad debts 60% 20% 10% 10% Customers paying in the month after sale are entitled to a 15% discount. Credit sales for January to April are budgeted as follows: Jan P40,000 Feb P45,000 Mar P50,000 Apr P60,000 Required: Calculate the amount due to be received from debtors in April
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