Trade receivables owe, Accounting Basics

Read it once and answer, if The following items appear on a balance sheet.

 

$

 

Inventory

balance at bank

cash in hand

trade payables

provision for doubtful debts

20 000

2 000

1 500

11 000

500

The current ratio is 3: 1.

How much do the trade receivables owe?

A. $9 500

 B. $10 000

 C. $12 000 

D. $12 500

Posted Date: 2/12/2013 7:47:11 AM | Location : United States







Related Discussions:- Trade receivables owe, Assignment Help, Ask Question on Trade receivables owe, Get Answer, Expert's Help, Trade receivables owe Discussions

Write discussion on Trade receivables owe
Your posts are moderated
Related Questions
An invoice for product X totals $1,200 and is dated July 6, 2000 with terms 2/10-60X. If the invoice is paid on September 3, 2000, what is the net amount of payment? A. $912

Q. Sales Returns and Allowances account? The Sales Returns and Allowances account is the contra revenue account to Sales that records the selling price of merchandise returned

#questiSean Corp. issued a $60,000, 10 year bond at the face rate of 8% annually on 1/1/X0. The market rate was 10%. How much cash will the bond investors receive at the end of the

Q. Share-based payment transactions? The fair value accounting standard SFAS 157 applies to monetary assets of all publicly-traded companies in the US as of 2007 Nov. 15. It as

What is Post closing trial balance This statement would only show permanent accounts with a balance; all temporary accounts must have a zero balance. Credits and Debits must ba

Closing Entries based accounting question a)  Describe the nature of Closing Entries.  I.e. what is the purpose of closing entries?                     b)  For each of the f

Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.

At the starting of the year, Hernandez Company had total assets of $872,310 and total liabilities of $497,500. (a) If total assets enhanced $147,320 during the year and total li

the terms debit and credit are synonymous with left and right.

Explain about the Petty Cash Petty Cash It is a small amount of money which is kept in the office for making small expenditures. ($10, $25, $50, etc.) Business will conclude