- 1 Marks
FA – May 2013 – L1 – SA – Q6 – Financial Statements Preparation
This question is about calculating the closing balance of account receivables.
Question
Given opening account receivables of N2,300,000, revenue of N9,600,000, and receipts from customers of N9,000,000, the closing account receivables balance should be:
A. N1,700,000
B. N2,900,000
C. N3,700,000
D. N12,700,000
E. N16,300,000
Find Related Questions by Tags, levels, etc.
- Tags: Closing Balance, Financial Reporting, Receivables
- Level: Level 1
- Topic: Financial Statements Preparation
- Series: MAY 2013
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