Trade receivables owe, Accounting Basics

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





balance at bank

cash in hand

trade payables

provision for doubtful debts

20 000

2 000

1 500

11 000


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
Q. Effects of failing to prepare adjusting entries ? Failure to organize proper adjusting entries causes net income and the balance sheet to be in error. You are able to see the

Q. What do you mean by consigned goods? FOB destination, freight collect - Seller acquires freight charges and buyer initially pays freight charges. Buyer deducts freight accus

Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10

Q. Objective of Recording business transactions? - Use the account as the essential classifying and storage unit for accounting information. - Articulate the effects of busi

office supplies on hand at year-end amounted to 3000.

Current Assets are $70,000, non-current assets are $150,000, current liabilities are $40,000 and long term liabilties are $30,000. What is the debt to equity ratio? 0.47 Stock h

You just took out a variable-rate mortgage on your new home. The mortgage value is $100,000, the term is 30 years, and initially the interest rate is 8%. The interest rate is fixed

Determine about the revenue section Revenue section provides a figure for net sales, which is balance of the Sales account, less the balances of contra sales accounts. (Sales -

Wings Inc., a software development firm, has stock outstanding as follows: 25,000 shares of cumulative 1%, preferred stock of $40 par, and 50,000 shares of $120 par common. Durin

Q. Explain about statement of cash flows? Retained earnings usually consist of the accumulated net income of the corporation minus dividends distributed to stockholders. We exa