Question 20.5 The following information is relevant for Questions 20.4 and 20.5.A is a sole trader who does not keep full accounting records. The following details relate to her transactionswith credit customers and suppliers for the year ended 30 November 20X3.24Trade receivables, 1 December 20X2Trade payables, 1 December 20X2Cash received from customersCash paid to suppliers130,00060,000687,800302,8002,9604,160Discounts receivedIrrecoverable debtsAmount due from a customer who is also a supplier offset againstan amount due for goods supplied by himTrade receivables, 30 November 20X3Trade payables, 30 November 20X32,000181,00084,00020.4 Based on the above information, what should be the figure for sales revenue in A's statement of profit orloss for the year ended 30 November 20X3? 20.5 Based on the above information, what figure should appear in A's statement of profit or loss for the yearended 30 November 20X3 for purchases?$283,760$325,840$329,760$331.760ABCD

Answered: 20.5 Based on the above information,…

20.5 Based on the above information, what figure should appear in A's statement of profit or loss for he year ended 30 November 20X3 for purchases? A $283,760 $325,840 $329,760 C

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.2: Writing Off And Collecting Uncollectible Accounts Receivable

Problem 1WT

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