Question
Tiger Company, which only sells its products on credit, has provided the following information for 2020: Credit sales were $1,000,000 The balance in accounts receivable
Tiger Company, which only sells its products on credit, has provided the following information for 2020:
Credit sales were $1,000,000
The balance in accounts receivable was $200,000 at the end of 2019 and $220,000 at the end of 2020.
Tiger did not write any accounts off during the year.
How much cash did Tiger collect from customers during 2020?
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
