O-LevelAccountingAccounting procedures7707/12 · May/June 2020 · Q281 Mark

A trader provided the following information. $ trade receivables at start of the year 5000 trade receivables at end of the year 8500 cash received from trade receivables 34 700 irrecoverable debts written off 200 discount allowed 185 What was the amount of the credit sales?

A$38 200

B$38 385

C$38400

D$38585

✓ Correct answer

D: $38585

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Topic: Accounting procedures, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 2, question 28.

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