Xavier Ltd provides the following information for the year ended 30 June 2023: $'000Sales for the year 1 560Discounts allowed 130Bad debts expense 400pening balance Accounts Receivable 660 Closing balance Accounts Receivable 500Sales returns 70What amount of cash was received from customers during the year?Question 12 Answera.$1 550 000b. $1 480 000c .$1 230 000d. $1 160 000e. None of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Xavier Ltd provides the following information for the year ended 30 June 2023: $'000Sales for
the year 1 560Discounts allowed 130Bad debts expense 400pening balance Accounts
Receivable 660 Closing balance Accounts Receivable 500Sales returns 70What amount of cash
was received from customers during the year?Question 12 Answera.$1 550 000b. $1 480 000c
.$1 230 000d. $1 160 000e. None of the above
Transcribed Image Text:Xavier Ltd provides the following information for the year ended 30 June 2023: $'000Sales for the year 1 560Discounts allowed 130Bad debts expense 400pening balance Accounts Receivable 660 Closing balance Accounts Receivable 500Sales returns 70What amount of cash was received from customers during the year?Question 12 Answera.$1 550 000b. $1 480 000c .$1 230 000d. $1 160 000e. None of the above
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