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RECEIVABLES

Former userFormer user10y ago

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John MoffatJohn MoffatTutor10y ago#1
Why have you asked this in the F2 forum? It is only relevant for Paper F3 :-) You will get the same answer even if you treat the cash sales separately. If you ignore initially the cash sales, then the credit sales are 80,000 + 9,000 - 10,000 = 79,000. In addition there are cash sales of 5,000. So the total sales revenue is 79,000 + 5,000 = 84,000.
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