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Xander Ltd's Financial Information Includes the Following [] the Direct Write-Off Method Is Used

Question 52

Multiple Choice

Xander Ltd's financial information includes the following.
 Sales $140000 Accounts receivable balance 1 July 1820000 Accounts receivable balance 30 June 1928000 Bad debts written off * 3000 Discount allowed 9000 [*] The direct write-off method is used. \begin{array}{l}\begin{array} { l r } \text { Sales } & \$ 140000 \\\text { Accounts receivable balance } 1 \text { July } 18 & 20000 \\\text { Accounts receivable balance 30 June } 19 & 28000 \\\text { Bad debts written off * } & 3000 \\\text { Discount allowed } & 9000\end{array}\\\text { [*] The direct write-off method is used. }\end{array}
[] The direct write-off method is used.
The cash received from customers for the year ended 30 June 19 was:


A) $120 000.
B) $144 000.
C) $160 000.
D) $138 000.

Correct Answer:

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