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If your company has $ 5 0 0 in receivables at the start of the month and you collect $ 1 0 0 in cash

If your company has $500 in receivables at the start of the month and you collect $100 in cash during the month and make $100 worth of new credit sales, what is your accounts receivable balance at the end of the month?

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Behind Closed Doors What Company Audit Is Really About

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