AuthorTopic: could anyone help on accounting questions?
applebee
@2010-03-29 17:23:56		 Here is the question:
Jan Dec
A/R 71,000 90,900
Allowance 6600 8100
Bad debt 5100
Sales 300,000

How much cash will be collected?

Answer was 300,000 - (90900-71000) + (8100-6600)-5100= 276500

Could anyone help me why it is not 273500= 300,000 -(90900-71000)-(8100-6600)-5100?

Thanks
applebee
@2010-03-30 02:04:19		 Forget my question please. I have figured it out.

Thanks anyway.

CFA Discussion Topic: could anyone help on accounting questions?

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Craig Baugh