During an accounting period, a business sells goods on credit for a total selling price of £3,000. At the start of the accounting period there are receivables of £400. At the end of the accounting period there are receivables of £500. What amount will appear in the cash flow statement as cash inflow from sales? a) £3,100 b) £3,500 c) £3,400 d) £2,900
During an accounting period, a business sells goods on credit for a total selling price of £3,000. At the start of the accounting period there are receivables of £400. At the end of the accounting period there are receivables of £500. What amount will appear in the cash flow statement as cash inflow from sales? a) £3,100 b) £3,500 c) £3,400 d) £2,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![During an accounting period, a business sells goods on credit for a total selling price
of £3,000. At the start of the accounting period there are receivables of £400. At the
end of the accounting period there are receivables of £500. What amount will
appear in the cash flow statement as cash inflow from sales?
a) £3,100
b) £3,500
c) £3,400
d) £2,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26754354-30f6-4ec1-b0be-c3332bca36c3%2Fe841fc8a-8f03-4cb5-a0ca-8fa67ba76e7b%2Fr82to5j_processed.png&w=3840&q=75)
Transcribed Image Text:During an accounting period, a business sells goods on credit for a total selling price
of £3,000. At the start of the accounting period there are receivables of £400. At the
end of the accounting period there are receivables of £500. What amount will
appear in the cash flow statement as cash inflow from sales?
a) £3,100
b) £3,500
c) £3,400
d) £2,900
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