6. Assume that all the sales are on credit and 40% of the debtors have not paid...
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6. Assume that all the sales are on credit and 40% of the debtors have not paid by year-end. How would this influence the profit? How would this influence the amount of cash in the bank at the end of the year? What would the Trade receivables balance be at the end of the year? Assume that there is inventory on hand amounting to R20 000 at the end of financial period.
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Related Book For
Financial Accounting An Introduction
ISBN: 9780199046485
4th Edition
Authors: Jacqui Kew, Alex Watson
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