Robert's bank statements show he had an opening bank balance of £13,000 and a closing bank balance of £16,000.Robert knows he paid £12,000 to suppliers and that he took drawings of £3,000.Calculate what Robert received from debtors.

Question

Quizplus · Accepted Answer

Robert's net change in bank balance increased by £3,000 (£16,000 closing balance - £13,000 opening balance). To achieve this increase after paying £12,000 to suppliers and taking £3,000 in drawings, he must have received £18,000 from debtors.

Robert's Bank Statements Show He Had an Opening Bank Balance