An accountant has inserted all the relevant figures into the trade receivables account, but has not yet balanced off the account. TRADE RECEIVABLES ACCOUNT Balance b/d 100,750 Cash at bank 250,225 Sales 325,010 Assuming there are no other entries to be made, other than to balance off the account, what is the closing balance on the trade receivables account?

An accountant has inserted all the relevant figures into the trade receivables account, but has not yet balanced off the account. TRADE RECEIVABLES ACCOUNT Balance b/d 100,750 Cash at bank 250,225 Sales 325,010 Assuming there are no other entries to be made, other than to balance off the account, what is the closing balance on the trade receivables account?

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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