Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

Mariam runs a business that offers accounting services. For the financial year ended 31 March 2022, she gave the following figures: fees outstanding from clients on 1 April 2021 $4500; fees received from clients during the year ended 31 March 2022 $22\,500; fees outstanding from clients on 31 March 2022 $1500. What amount of fees would appear 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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