Archie makes plumbing fittings. He is currently preparing accounts for the year ended 31 December 2021, but his sales book was destroyed in a flood. He has a separate list of the moneys owing by customers at 31 December 2021, which amounted to £41,000 in total. Generally, Archie allows his customers 30 days credit. Archie estimated his sales for the year ended 31 December 2021 at: a) £14,235,000 b) £1,170,000 c) £488,500 d) None of the above
Archie makes plumbing fittings. He is currently preparing accounts for the year ended 31 December 2021, but his sales book was destroyed in a flood. He has a separate list of the moneys owing by customers at 31 December 2021, which amounted to £41,000 in total. Generally, Archie allows his customers 30 days credit. Archie estimated his sales for the year ended 31 December 2021 at: a) £14,235,000 b) £1,170,000 c) £488,500 d) None of the above
Chapter3: Income Sources
Section: Chapter Questions
Problem 79P
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Archie makes plumbing fittings. He is currently preparing accounts for the year ended
31 December 2021, but his sales book was destroyed in a flood. He has a separate list
of the moneys owing by customers at 31 December 2021, which amounted to £41,000
in total. Generally, Archie allows his customers 30 days credit. Archie estimated his
sales for the year ended 31 December 2021 at:
a) £14,235,000
b) £1,170,000
c) £488,500
d) None of the above
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