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During the Financial Year Marina Limited Had Sales of $840

Question 26

Multiple Choice

During the financial year Marina Limited had sales of $840 000. The opening balance of accounts receivable was $66 000, and the closing balance was $78 000. Bad debts amounting to $8 000 were written off during the period. The cash receipts from customers during the year amounted to:


A) $820 000
B) $828 000
C) $840 000
D) $860 000

Correct Answer:

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