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Please show me the workings to this question:
Pietersen is currently preparing accounts for the year ended 31 December 2020, but his sales book was destroyed in a fire. Pietersen has a separate of list of the moneys owing by customers at 31 December 2020, which amounted to £39,000 in total. Generally, Pietersen allows his customers 30 days credit.
Pietersen estimated his sales for the year ended 31 December 2020 at: a) £14,235,000 b) £1,170,000 c) £474,500 d) None of the above
Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers. It has answers and explanations 🙂
39,000 is 30 days worth of sales. There are 365 days in a year, and therefore the sales for the year are 365 x 39,000/30.
Thank you for your assistance.
I’m currently doing a Bsc in accounting and Finance it is accredited by the ACCA. What books would you recommend?
It is nice to get a response from a tutor.
I cannot really recommend any books because although your course may be accredited by the ACCA the syllabus itself differs from university to university.
We are only able to provide assistance for the ACCA Professional Exams, and for them we have free lectures and lecture notes.
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