Question
Trade Receivables Turnover Ratio 4 times, Cost of Revenue from Operations $2,56,000. Gross Profit on Revenue from operations 20%, Closing Trade Receivables were $8,000 more
Trade Receivables Turnover Ratio 4 times, Cost of Revenue from Operations $2,56,000. Gross Profit on Revenue from operations 20%, Closing Trade Receivables were $8,000 more than at beginning.
Cash Revenue from operations being 33-1/3 % of Credit Revenue from operations. Find out the amount of Opening and Closing Trade Receivables.
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
