Question
1.You are given the following information: Receivables at 1 January 2020 $180,000 Cash received from customers during 2020 $228,000 Discount Allowed $4,200 Receivables at 31
1.You are given the following information:
Receivables at 1 January 2020 $180,000
Cash received from customers during 2020 $228,000
Discount Allowed $4,200
Receivables at 31 December 2020 $137,800
How should the balance on the receivables/sales ledger control account be reported in the Financial Statements?
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Accounting And Finance An Introduction
Authors: Eddie McLaney, Peter Atrill
10th Edition
1292312262, 978-1292312262
