During the financial year River Gums Limited had sales of $46,000. The opening balance of accounts receivable was $11,000 and the closing balance was $14,600. Bad debts amounting to $800 were written off during the period. The cash receipts from customers during the year amounted to:

Question

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Cash receipts from customers = Sales + Opening balance of accounts receivable - Closing balance of accounts receivable - Bad debts written off= $46,000 + $11,000 - $14,600 - $800= $41,600

During the Financial Year River Gums Limited Had Sales of $46,000