The following information is relevant to the calculation of the sales figure for Ruben, a sole trader who does not keep proper accounting records: Account receivable, January 2, 2014 | P291,000 balance 3,861,000 Cash receivable from credit customers and paid into the bank Expenses paid out of cash received 68,000 from customers before banking Bad debts written- off 72,000 Refunds to credit customers 21,000 94,000 Discounts allowed to credit customers Cash sales 1,120,000 386,000 Account receivable, December 31, 2014 What amount of sales revenue should appear in. Paulo's profit or loss for the year ended December 31, 2014?

The following information is relevant to the calculation of the sales figure for Ruben, a sole trader who does not keep proper accounting records: Account receivable, January 2, 2014 | P291,000 balance 3,861,000 Cash receivable from credit customers and paid into the bank Expenses paid out of cash received 68,000 from customers before banking Bad debts written- off 72,000 Refunds to credit customers 21,000 94,000 Discounts allowed to credit customers Cash sales 1,120,000 386,000 Account receivable, December 31, 2014 What amount of sales revenue should appear in. Paulo's profit or loss for the year ended December 31, 2014?

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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