Cash received from customers LO5 At 30 June 2018, Ruby Ltd had net accounts receivable of
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Cash received from customers LO5 At 30 June 2018, Ruby Ltd had net accounts receivable of $180 000. At 30 June 2019, accounts receivable were $220 000 and sales for the year amounted to $1 800 000. Doubtful debts expense was $55 000 for the year. Discount allowed was $35 000 for the year. Required Calculate cash received from customers by Ruby Ltd for the year ended 30 June 2019.
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Related Book For
Financial Reporting
ISBN: 978-0730363361
2nd Edition
Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes
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