You are provided with the following information on the accounts receivable of Chester Ltd for the year ended 30 June 2020.
What will be the assessable income from trading for Chester Ltd?
Opening trade debtors$40,000
Cash received$200,000
Closing trade debtors
A) $250,000
B) $200,000
C) $230,000
D) $170,000
Correct Answer:
Verified
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