ABC Limited has the following info Receipts CBA - Business Loan 4500 Cash Sales Banked 1000 Credit card sales 5000 Receipts from debtors 5500 Year-end reporting details Debtors 3000 Creditors 2000 Stock on hand 5000 What is the accessible income for ABC limited?

ABC Limited has the following info Receipts CBA - Business Loan 4500 Cash Sales Banked 1000 Credit card sales 5000 Receipts from debtors 5500 Year-end reporting details Debtors 3000 Creditors 2000 Stock on hand 5000 What is the accessible income for ABC limited?

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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Question

A10.

ABC Limited has the following info
Receipts
CBA Business Loan 4500
Cash Sales Banked 1000
Credit card sales 5000
Receipts from debtors 5500
Year-end reporting details
Debtors 3000
Creditors 2000
Stock on hand 5000
What is the accessible income for ABC limited?

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