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Plz i want the answers with ditals i have exam i want it in word file 2. A. On 17 January 2020 Abdul Company has
Plz i want the answers with ditals i have exam i want it in word file
2. A. On 17 January 2020 Abdul Company has made a credit sale of Laptop for OMR 190,000 to Abeer Company and received a note for 120 days with 12% interest from him in settlement of Account receivables. Abdul Company closes their accounts every year on April 30th. On the due date Abeer Company has paid the full amount to Abdul Company. Based upon the information given you are required to write the necessary journal entries of notes receivable. B. The following data are taken from the comparative balance sheets of Raisa Company. You are required to compute its accounts receivable turnover and Average collection period for the year 2020. 2020 2019 Sales 1,786,190 1,846,100 Accounts receivable 143,200 138,700 Accounts Payable 223,000 243,000 Capital 10,000,000 10,000,000Step by Step Solution
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