Question
A company had revenues for the month of $100,000 of that 40% of sales were on account and incurred $40,000 expenses and 25% of that
A company had revenues for the month of $100,000 of that 40% of sales were on account and incurred $40,000 expenses and 25% of that was paid. What is the income in a) accrual b) cash?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
