At the beginning of an accounting period a firm was owed £25,000 from its credit customers. During the year, the firm's credit sales amounted to £154,000 and cash sales were £14,000. It received £165,000 from its credit customers.
Assuming there were no other transactions relating to the firm's credit customers, at the end of the accounting period the firm had trade receivables of:

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The Answer of At the beginning of an accounting period a firm was owed £25,000 from its credit customers. During the year, the firm's credit sales amounted to £154,000 and cash sales were £14,000. It received £165,000 from its credit customers.
Assuming there were no other transactions relating to the firm's credit customers, at the end of the accounting period the firm had trade receivables of:

At the Beginning of an Accounting Period a Firm Was