Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

At the start of the year on 1 January, clients owed Keith $1500 commission. Throughout the year, Keith collected $18000 commission. At the close of the year on 31 December, clients owed Keith $800 commission. How much commission should Keith show in his income statement for the year ended 31 December?

  • A$15700
  • B$17300
  • C$18700
  • D$20300

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