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Receivable : 30% X500,000 = 150000
First year's collection = 15% X150000 =7500 BALANCE:142500
2ND YEARS COLLECTION = 30% X142500 =42750 BALANCE99750/-
BALANCE FOR THE3RD YEAR = 99750
[Question require a little more clarity to interpret the exact meaning]
I AGREE WITH MR VENKITARAMAN ANSWER
this is cash sale dude there are no receivable .........................