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Debtors

Which of the ...

Question

Which of the following statement is correct?

A

Debtors increases with increase in sales

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B

Debtors increases with increase in credit sales

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C

Not sure

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D

None of the above

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Solution

The correct option is B
Debtors increases with increase in credit sales

Debtors are the amount owed by a person/ entity to the organisation for buying goods and services.

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