The balances of opening and closing accounts receivable are R40 000 and R15 000 respectively, what would be the value of cash received from customer if the net sales are R45 000? Select one: a. R85 000 b. R60 000 c. R70 000 d. R100 000
Added by Erin P.
Step 1
Step 1: Calculate the total amount due from customers Total amount due from customers = Opening balance of accounts receivable + Net sales on credit Total amount due from customers = R40,000 + R45,000 Total amount due from customers = R85,000 Show more…
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