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Nov 1. A had total assets of 325000. During Nov, A had the following transactions Generated revenues of 80000 of which 25% were in cash
Nov 1. A had total assets of 325000. During Nov, A had the following transactions
Generated revenues of 80000 of which 25% were in cash and remainder on account.
Incurred total expenses of 60000,15% of which were paid
Collected receivables of 8000 from precious periods
After being recorded, A would have total asset of
A. 336000 B. 404000. C 344000 D.396000 E. 353000
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