Question
Cheongs Chinese Herbs Ltd has Accounts Receivable of $14 000 at 1 July 2015, and $24 000 at 30 June 2016. Sales revenues were $600
Cheongs Chinese Herbs Ltd has Accounts Receivable of $14 000 at 1 July 2015, and $24 000 at 30 June 2016. Sales revenues were $600 000 for 2016. Bad debts written off directly against Accounts Receivable were $2000 in 2016. What is the amount of cash receipts from customers in 2016?
Calculate cash payments for operating expenses direct method. ( with workings)
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Audit Regulations Audit Market Structure And Financial Reporting Quality Foundations And Trends R In Accounting
Authors: Christopher Bleibtreu, Ulrike Stefani
1st Edition
1680839004, 978-1680839005
