Question
A company reported sales revenues of $2,00,000 and COGS of $1,260,000 during 2017. 80% of the sales were on credit and 20% for cash. During
A company reported sales revenues of $2,00,000 and COGS of $1,260,000 during 2017. 80% of the sales were on credit and 20% for cash. During the year, accounts receivable decreased by $200,000. What amount of cash was received from the customers during 2017?
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Principles Of Cost Accounting
Authors: Vanderbeck
13th Edition
0324191693, 978-0324191691
