Opening and closing balance of creditors are ` 2,00,000 & ` 2, | MCQ Financial & Strategic Management

Opening and closing balance of creditors are ` 2,00,000 & ` 2,40,000 respectively. Raw material purchased on credit was ` 11,00,000. Creditors payment period for the purpose of working capital statement will be – [1 Year = 360 days]