AuthorTopic: could anyone help on accounting questions?
@2010-03-29 17:23:56
Here is the question:
Jan Dec
A/R 71,000 90,900
Allowance 6600 8100
Bad debt 5100
Sales 300,000

How much cash will be collected?

Answer was 300,000 - (90900-71000) + (8100-6600)-5100= 276500

Could anyone help me why it is not 273500= 300,000 -(90900-71000)-(8100-6600)-5100?

@2010-03-30 02:04:19
Forget my question please. I have figured it out.

Thanks anyway.

CFA Discussion Topic: could anyone help on accounting questions?

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz