Question
Fabulous Ltd provides you with the following information: Sales for the year $720000 Discounts provided during the year to customers for early payment $18 000
Fabulous Ltd provides you with the following information:
Sales for the year $720000
Discounts provided during the year to customers for early payment $18 000
Doubtful debts expense for the year $9 000
Opening balance of accounts receivable $162 000
Closing balance of accounts receivable $144 000
Opening balance of the allowance for doubtful debts $16 000
Closing balance of the allowance for doubtful debts $14 000
Required: How much cash has been received from customers during the year?
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
