The following information is relevant for Questions 20.4 and 20.5.A is a sole trader who does not keep full accounting records. The following details relate to her transactionswith credit customers and suppliers for the year ended 30 November 20X3.24Trade receivables, 1 December 20X2Trade payables, 1 December 20X2Cash received from customersCash paid to suppliers130,00060,000687,800302,8002,9604,160Discounts receivedIrrecoverable debtsAmount due from a customer who is also a supplier offset againstan amount due for goods supplied by himTrade receivables, 30 November 20X3Trade payables, 30 November 20X32,000181,00084,00020.4 Based on the above information, what should be the figure for sales revenue in A's statement of profit orloss for the year ended 30 November 20X3?

Sales revenue is earning that a company is earning by doing sales. It is shown on the income…

A is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 November 20X3. Trade receivables, 1 December 20X2 Trade payables, 1 December 20X2 Cash received from customers Cash paid to suppliers Discounts received Irrecoverable debts Amount due from a customer who is also a supplier offset against an amount due for goods supplied by him Trade receivables, 30 November 20X3 Trade payables, 30 November 20X3 2$ 130,000 60,000 687,800 302,800 2,960 4,160 02,000 181,000 84,000 20.4 Based on the above information, what should be the figure for sales revenue in A's statement of profit or loss for the year ended 30 November 20X3?

A is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 November 20X3. Trade receivables, 1 December 20X2 Trade payables, 1 December 20X2 Cash received from customers Cash paid to suppliers Discounts received Irrecoverable debts Amount due from a customer who is also a supplier offset against an amount due for goods supplied by him Trade receivables, 30 November 20X3 Trade payables, 30 November 20X3 2$ 130,000 60,000 687,800 302,800 2,960 4,160 02,000 181,000 84,000 20.4 Based on the above information, what should be the figure for sales revenue in A's statement of profit or loss for the year ended 30 November 20X3?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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please explain your answer...
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Subject: acounting
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