Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

A trader who did not keep complete accounting records was able to provide the information below. Trade receivables owed on $1$ April $2020$ were $\$3000$, cheques collected from trade receivables during the year were $\$28000$, cash discounts allowed to trade receivables were $\$1500$, and trade receivables owed on $31$ March $2021$ were $\$4200$. What were the credit sales for the year ended $31$ March $2021$?

  • A$25300
  • B$27700
  • C$28300
  • D$30700

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