What is total revenue for the period in which credit sales are $20 000,cash sales are $16 000 and $14 000 cash is received from a customer as a deposit for work done in the next period?

Question

Quizplus · Accepted Answer

Total revenue for the period would be the sum of credit sales and cash sales, as well as the deposit received from the customer.

Total revenue = Credit sales + Cash sales + Deposit received

Total revenue = $20 000 + $16 000 + $14 000

Total revenue = $36 000

Therefore, the best choice is B which shows $36 000 as the total revenue.

What Is Total Revenue for the Period in Which Credit