A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2010 · Q221 Mark
A company's sales during a 365 day year are shown in the table. cash sales $179 580 credit sales $927 100 total sales $1 106 680 The trade receivables (debtors) turnover ratio at the year end is 42 days. What is the end-of-year trade receivables (debtors) balance?
A$22 074
B$98 460
C$106 680
D$127 344
✓ Correct answer
C: $106 680
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Analysis and communication of accounting information and see which topics are most likely to come up next.
Sign up free →