Hi. Regarding Question nr 4, the point nr (4). In the answer explanation it is written “(4) It is correct from cash received from doubtful debts to be credited to receivables.”, but in the calculation provided under the explanation, the cash received is not included. The calculation provided is “correct figure for receivables = 50000-2500+1800= 49300”, but the 2900 cash received from John (a doubtful debt) is not subtracted from the receivables.
Kristiina says
Hi. Regarding Question nr 4, the point nr (4). In the answer explanation it is written “(4) It is correct from cash received from doubtful debts to be credited to receivables.”, but in the calculation provided under the explanation, the cash received is not included. The calculation provided is “correct figure for receivables = 50000-2500+1800= 49300”, but the 2900 cash received from John (a doubtful debt) is not subtracted from the receivables.
Joe... says
sir can you please explain to me no.4
John Moffat says
Did you click on ‘review quiz’ after submitting your answers, because at the bottom then shows the workings for each answer .