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The following case study applies to questions 1 2 - 1 5 : Below is an extract of the Statement of Financial Position of a
The following case study applies to questions : Below is an extract of the Statement of Financial Position of a small company:
tableCurrent assets,,InventoryAccounts receivable,BankCurrent liabilities,,Accounts payable,SARS taxation liability,
The following information about the company is also given:
Sales for the year were RAll on credit
Purchases made during the year were RAll on credit
The company had a taxation expense of R
No bad debts were written off during the year
What was the total cash received from customers?
Select one:
a R
b R
c R
d R
What was the total cash paid to suppliers?
Select one:
a R
b
c R
d R
The total amount paid to SARS was R
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