Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At the start of the year, a sole trader had trade receivables of $21650. Over the year, irrecoverable debts of $450 were written off. Cash collected from customers totalled $42670. At the end of the year, the statement of financial position showed trade receivables of $25745 after a provision for doubtful debts of $5% had been deducted. How much were the sales for the year?

  • A$46765
  • B$47215
  • C$47670
  • D$48570

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