Zenith Company had net credit sales of Tk 7,20,000 and cost of goods sold of Tk 5,00,000 during the year 2023. The balance in accounts receivable at the beginning of the year was Tk 80,000, and at the end of the year it was Tk 1,20,000. What was the average collection period in days considering 360 days in a year?

ক 50 days
খ 60 days
গ 72 days
ঘ 75 days
ঙ None of these

সঠিক উত্তর: 50 days

average collection period (days) = (average a/c receivable / net credit sales) * 360 days
Bissoy MCQ

Related Questions

At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
ক Tk 0
খ Tk 4,500
গ Tk 11,500
ঘ Tk 23,000
ঙ None of these
Accounts receivable at the end of the month is Tk 80,000. Bad debts are expected to be 5% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of Tk 1,000 before adjustment, what is the balance after adjustment?
ক Tk 2,000
খ Tk 3,000
গ Tk 4,000
ঘ Tk 5,000
ঙ None of these
রেওয়ামিলে দেনাদার ৫২,০০০ টাকা, লিখিত অনাদারি পাওনা ২,০০০ টাকা এবং অলিখিত অন্যদায়ি পাওনা ২,০০০ টাকা। যদি দেনাদারের ওপর ৫% সঞ্চিতি রাখা হয় এবং অনাদায়ি পাওনা সঞ্চিতির ক্রেডিট ব্যালেন্স ১,০০০ টাকা হয়, তাহলে চলতি বছরে অন্যনায়ি পাওনা সঞ্চিতি কত রাখতে হবে? (In trial balance, account receivable is of Tk. 52,000 recorded bad debt of Tk.2,000 and unrecorded bad debt of Tk. 2,000. What is the amount of allowance for doubtful accounts kept in current year if the allowance is 5% on accounts receivable and credit balance in allowance for doubtful accounts currently is of Tk. 1,000 )
ক ২,৫০০ টাকা (Tk. 2,500)
খ ১,০০০ টাকা (Tk. 1,000)
গ ২,৪০০ টাকা (Tk. 2,400)
ঘ 1,500 টাকা (Tk. 1,500)
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
ক TK. 2,05,000
খ TK. 1,95,000
গ TK. 2,00,000
ঘ TK. 2,15,000
Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
ক Tk, 3,900
খ Tk. 1,000
গ Tk. 900
ঘ Tk. 600
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
ক TK. 2,05,000
খ TK. 1,95,000
গ TK. 2,00,000
ঘ TK. 2,15,000
১ জানুয়ারি ২০২৩ তারিখে যদি জমাকৃত মুনাফার হিসাবের জের ৬৩,০০০ টাকা হয় এবং কোম্পানির ২০২৩ সালে নিট ক্ষতির পরিমাণ ১২,০০০ টাকা হয়, তবে সমাপনী দাখিলায় কত টাকা অন্তর্ভুক্ত হবে? (If the balance in retained earnings on January 1, 2023 is Tk.63,000 and the company incurs a net loss of Tk. 12,000 for the year 2023, what amount would be included to the closing entries?)
ক জমাকৃত মুনাফা হিসাব ডেবিট ১২,০০০ টাকা (A debit to retained earnings of the Tk. 12,000)
খ জমাকৃত মুনাফা হিসাব ডেবিট ৭৫,০০০ টাকা (A debit to retained earnings of the Tk. 75,000)
গ জমাকৃত মুনাফা হিসাব ক্রেডিট ৭৫,০০০ টাকা (A credit to retained earnings of the Tk. 75,000)
ঘ জমাকৃত মুনাফা হিসাব ডেবিট ৬৩,০০০ টাকা (A debit to retained earnings of the Tk. 63,000)
A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?
ক 1 : 2
খ 4 : 5
গ 1 : 1
ঘ 3 : 2
Blue Sky Company began the year with a balance in inventory of TK. 110,000 and ended the year with a balance of Tk. 102,000. The net sales for the year were Tk. 983,000 with a gross profit on sales of Tk. 295,000. What was the inventory turnover ratio ?
ক 2.78 times
খ 9.27 times
গ 6.49 times
ঘ 2.89 times
Carlos Company had Beginning inventory of TA. 80,000, ending inventory of TA. 110,000 cost of goods sold of TA. 285,000 and sales of TK 475. 000 Carlos's days in inventory is:
ক 73 days
খ 102.5 days
গ 121.7 days
ঘ 84.5 days

Next steps