Alex the sole trader had receivables of £2,700 as at 1 December and during December made cash sales of £7,200, credit sales of £16,500 and received £15,300 from his credit customers.
The balance on Alex’s receivables account at the end of December was?
Select ONE answer:
- £1,500
- £3,900
- £8,700
- £11,100
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 2
- Not correct
- Correct – Bal b/d £2,700 + £16,500 credit sales – £15,300 payments = £3,900
- Not correct
- Not correct
This work is licensed under a Creative Commons Attribution 4.0 International License.
The Multiple Choice Questions Blog 
You must be logged in to post a comment.