Pillav's receivables ledger at 1 July 2 0 1 2 showed a total of $ 6 1

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Question:

Pillav's receivables ledger at

1

July

2012

showed a total of $

61, 250 .

During the year ended

30

June

2013,

total sales amounted to $

549, 600

and total cash receipts from customers amounted to $

499, 800 .

At the year end it was decided that $

4, 370

was to be written off and a general allowance of

5 %

of receivables should be created.

What was the balance on Pillay's receivables ledger at

30

June

2013 ?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Mar 16, 2024 10:50 AM

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Pillav's receivables ledger at 1 July 2 0 1 2 showed a total of $ 6 1

Question:

Expert Answer:

To determine the balance on Pillavs receivables ledger at 30 June 2013 we need to consider the follo... View the full answer

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