The owner of a business that has limited financial records is trying to calculate the business's credit
Question:
The owner of a business that has limited financial records is trying to calculate the business's credit sales for the year. Which of the following items should be ignored when making this calculation?
A. Irrecoverable debts
B. Cheques received from credit customers that were dishonoured
C. Discounts allowed
D. Returns outwards
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A Irrecoverable debts The other options B C and D should be ...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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