David Ingo has opening trade receivables of 2,400 (November 1,400, December 1,000). The trade receivables will be
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David Ingo has opening trade receivables of £2,400 (November £1,400, December £1,000). The trade receivables will be received two months in arrears. Credit sales in January will be £1,000 rising by 10% per month.
Required:
Prepare D. Ingo’s trade receivables budget for January to June.
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