merlan is currently preparing accounts for the year ended 31 December 2021, but his sales book was destroyed in a fire. Tamerlan has a separate of list of the moneys owing by customers at 31 December 2021, which amounted to £39,000 in total. Generally, Tamerlan allows his customers 30 days credit. Tamerlan estimated his sales for the year ended 31 December 2021 at: a) £14,235,000 b) £1,170,000 c) £474,500
merlan is currently preparing accounts for the year ended 31 December 2021, but his sales book was destroyed in a fire. Tamerlan has a separate of list of the moneys owing by customers at 31 December 2021, which amounted to £39,000 in total. Generally, Tamerlan allows his customers 30 days credit. Tamerlan estimated his sales for the year ended 31 December 2021 at: a) £14,235,000 b) £1,170,000 c) £474,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tamerlan is currently preparing accounts for the year ended 31 December 2021, but his sales book was destroyed in a fire.
Tamerlan has a separate of list of the moneys owing by customers at 31 December 2021, which amounted to £39,000 in total. Generally, Tamerlan allows his customers 30 days credit.
Tamerlan estimated his sales for the year ended 31 December 2021 at:
-
a) £14,235,000
-
b) £1,170,000
-
c) £474,500
-
d) None of the above
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