Question
The account balances of Delta Co. as at 31 December 2019, are presented below. 1. Inventory 6,500 2. Accounts receivables 20,000 3. Accounts
The account balances of Delta Co. as at 31 December 2019, are presented below. 1. Inventory £ 6,500 2. Accounts receivables £ 20,000 3. Accounts Payables £ 9,000 4. Gross profit £ 10,000 5. Cost of sales £ 40,000 What is the settlement period for trade receivables?
A 146 days
B 66 days
c) 73 days
D 183 days
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
