Trade receivables as at 30 September 2011 were 24,800 and a year later 42,400. Identify the sales
Question:
Trade receivables as at 30 September 2011 were £24,800 and a year later £42,400. Identify the sales revenue during the year ended 30 September 2012, taking into account the following additional information provided in each of the following independent scenarios:
(a) The amount received from credit customers was £59,500.
(b) Amount received £52,800, debts written off £400 and sales returns £500.
(c) Sales received £49,400, cheques dishonoured £200, discount allowed £100.
(d) £55,680 was received from customers availing of 4% cash discount.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: