Question
On 1 January 2020 Steves trade receivables were 10,000. The following relates to the year ended 31 December 2020. Sales 100,000 Cash receipts 90,000 Discounts
On 1 January 2020 Steves trade receivables were 10,000. The following relates to the year ended 31 December 2020.
Sales 100,000
Cash receipts 90,000
Discounts allowed 800
Discounts received 700
Cash receipts include 1,000 in respect of a trade receivable previously written off.
On 31 December 2020 trade receivables were
A) 19,200
B) 20,200
C) 20,300
D) 20,900
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Managerial Accounting For Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
6th Edition
1264100590, 9781264100590
