Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

28. C3. Cinta Enterprise Qasih Sdn Bhd has the following balances on 1 January 2016 Accounts receivable RM12,500(Debit) Allowance for doubtful debts RM400 (Credit) For

image text in transcribed
28. C3. Cinta Enterprise Qasih Sdn Bhd has the following balances on 1 January 2016 Accounts receivable RM12,500(Debit) Allowance for doubtful debts RM400 (Credit) For the year ended 31 December 2016, the following information were obtained Total sales RM100,000 (including cash sales RM30,000) Payment by debtors RM52,500 Return by debtors RM3,000 Bad debts RM1,000 It is the business policy to provide 2% allowance for doubtful debts on the outstanding accounts receivable at the end of the year What is the amount of sales to be included in the accounts receivable account? Question 16 Not yet answered Marked out of 1.00 P Flag question Select one O a. RM 100,000 O b. RM85,000 O c. RM75,000 O d. RM70,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Louise Crawford, Stuart Manson

7th Edition

1473760186, 9781473760189

More Books

Students also viewed these Accounting questions