Blythe, Smithers & Co is a partnership providing architectural services.In the three- month period ended 30 April 20X4, the business recorded output tax of £23 000 on sales of £115 000.What was the total amount of money receivable from clients in respect of the billings for the three-month period?

Question

Quizplus · Accepted Answer

The total amount of money receivable from clients includes both the sales (£115,000) and the output tax (£23,000), which adds up to £138,000.

Blythe, Smithers & Co Is a Partnership Providing Architectural Services