What is the total gross sales for November 2020? For the month of November 2020, the records of Libra show the following information:Accounts receivable, Nov. 1, 2020Accounts receivable, Nov. 30, 2020P325,400;317,100;Cash sale125,800;Cash received on accounts receivable181,300;What is the total gross sales for November 2020?Your answer

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What is the total gross sales for November 2020?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 9SEB: SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of...

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

What is the total gross sales for November 2020?

For the month of November 2020, the records of Libra show the following information:
Accounts receivable, Nov. 1, 2020
Accounts receivable, Nov. 30, 2020
P325,400;
317,100;
Cash sale
125,800;
Cash received on accounts receivable
181,300;
What is the total gross sales for November 2020?
Your answer

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