Trade receivables as at 30 September 2011 were 24,800 and a year later 42,400. Identify the sales

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Trade receivables as at 30 September 2011 were £24,800 and a year later £42,400. Identify the sales revenue during the year ended 30 September 2012, taking into account the following additional information provided in each of the following independent scenarios:

(a) The amount received from credit customers was £59,500.

(b) Amount received £52,800, debts written off £400 and sales returns £500.

(c) Sales received £49,400, cheques dishonoured £200, discount allowed £100.

(d) £55,680 was received from customers availing of 4% cash discount.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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