Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

Mariam operates a business that offers accounting services. She supplied the information below for the financial year ended 31 March 2022: fees due from clients on 1 April 2021 $4500; fees received from clients during the year ended 31 March 2022 $22 500; fees due from clients on 31 March 2022 $1500. What amount of fees was recorded in the income statement for the year ended 31 March 2022?

  • A$19 500
  • B$22 500
  • C$25 500
  • D$28 500

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