Question
Determine Income on Accrual Basis and Cash Basis Sales on Credit $80,000 Cost of inventory sold on credit $65000 Collection from customers $60000 Purchase of
Determine Income on Accrual Basis and Cash Basis
Sales on Credit $80,000
Cost of inventory sold on credit $65000
Collection from customers $60000
Purchase of inventory on credit $50000
Payment for purchases $55000
Cash collection from common stock $30000
Dividends paid $10000
Payment to salesclerk $10000
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Corporate Governance A Pragmatic Guide For Auditors Directors Investors And Accountants Internal Audit And IT Audit
Authors: Vasant Raval
1st Edition
0367862751, 978-0367862756
