The following information has been supplied by the owner of a business who has not kept full
Question:
The following information has been supplied by the owner of a business who has not kept full accounting records.
What were the business’s credit sales for the year ended 31 May 2014?
A. $70,400
B. $74,000
C. $74,600
D. $78,200
Transcribed Image Text:
Trade receivables, 1 June 2013 33 400 Trade receivables, 31 May 2014 31 600 Discounts allowed 2 100 Receipts from trade receivables 74 300
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ANSWER D 78200 EXPLANATION The businesss credit sales for th...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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