&...
Use the following information to answer the question below
01/01/2016 31/12/2016
Trade debtors-------80,000 100,000
Trade creditors-----30,000 40,000
Stock-----------------70,000 90,000
Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000
Credit sales for 2016 is?
530,000
370,000
350,000
330,000
Correct answer is B
No explanation has been provided for this answer.
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Provision for doubtful debts------1,000Cr Bad debts--------500Dr Debtors-------50,000Dr Additiona...