At 1 December 20X5 Oishi plc was owed 135,704 by its customers. The company's statement of profit
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At 1 December 20X5 Oishi plc was owed £135,704 by its customers. The company's statement of profit or loss for the year ended 30 November 20X6 shows revenue of £734,923 and expenses include irrecoverable debts of £5,237. At 30 November 20X6 the allowance for receivables was £4,236.
At 30 November 20X6 the figure for trade and other receivables shown in Oishi statement of financial position was £165,794.
How much did Oishi plc receive from its credit customers during the year ended 30 November 20X6?
A £705,834
B. £703,832
C. £695,360
D. £691,124
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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