From the following information, compute the collection from Debtors for the months of June, July and August:
|
April |
May |
June |
July |
August |
|
|
Sales (Rs) |
1,00,000 |
120,000 |
90,000 |
1,05,000 |
1,25,000 |
20% of sales are made in cash. Debtors are allowed a 2 months’ credit, but will receive a 5% cash discount if they pay off their dues within the month next to the month of sale. About 4/5th of the Debtors normally clear their dues to avail the Cash Discount. Remaining Debtors pay on the due date.