Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

A trader recorded the following transactions in March 2017. cash sales for the month: $\$6900$ credit sales invoiced in March: $\$46200$ credit sales in March not yet invoiced: $\$800$ customer orders received on 31 March: $\$1200$ goods sent to a customer on 1 March on sale or return: $\$1400$ What revenue figure should be shown in the income statement for March 2017?

  • A$\$53100$
  • B$\$53900$
  • C$\$54500$
  • D$\$55700$

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