Accounting 0452 · IGCSE · Incomplete records

Incomplete records — practice question

Shelley does not keep a complete set of accounting records, but she was able to give the information below. Sales for the year ended $31$ August $2023$ (80% of which were made on credit): $97\,500$ Amounts received from trade receivables during the year ended $31$ August $2023$: $71\,500$ Amount owing by trade receivables on $31$ August $2023$: $14\,000$ What amount was due from the trade receivables on $1$ September $2022$?

  • A$6\,500$
  • B$7\,500$
  • C$12\,000$
  • D$20\,500$

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI