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Satex Enterprise is a computer shop selling computer and its accessories. The following are transactions occurred in July to September 2009: On 15 th July
Satex Enterprise is a computer shop selling computer and its accessories. The following are transactions occurred in July to September 2009:
- On 15th July 2009, Satex sold 15 units computers to a customer on credit amounting to RM52,500. The computers were delivered immediately. The full payment is received on 5th August 2009.
- On 20th July 2009, Satex sold 2 units computers to a customer, cash and carry, amounting to RM7,500.
- On 6th August 2009, Satex sold computer accessories, cash and carry, amounting to RM530.
Calculate total sales for the month of July 2021 applying cash based accounting method.
Select one:
a. RM530
b. RM60,000
c. RM53,030
d. RM7,500
Calculate total sales for the month of August 2021 applying cash based accounting method.
Select one:
a. RM53,030
b. RM7,500
c. RM60,000
d. RM52,500
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