O-LevelAccountingAccounting procedures7707/11 · May/June 2019 · Q211 Mark

Mariam provided the following information. at 1 January 2018 $ at 31 December 2018 $ trade receivables 5000 3500 Receipts from credit customers in the year ended 31 December 2018 amounted to $47500. What were the credit sales for year ended 31 December 2018?

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A$39000

B$46000

C$47500

D$49000

✓ Correct answer

A: $39000

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2019 Paper 1 Variant 1, question 21.

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