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(10 Marks) From the following data for Fantastic Sales, calculate the receipts from accounts receivable for September, October and November of 2021. ACTUAL ESTIMATED July
(10 Marks) From the following data for Fantastic Sales, calculate the receipts from accounts receivable for September, October and November of 2021. ACTUAL ESTIMATED July Aug Sep Oct Nov Credit Sales 105000 90000 92000 106000 87000 Credit sales are normally settled according to the following pattern: 20 per cent in the month of the sale, 50 per cent in the month following the sale and the remainder in the second month following the sale
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