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
Which accounting policies demonstrate the matching principle?  1 charging depreciation on non-current assets 2 revaluing non-current assets on a irregular basis 3 using the re

User accounts are the primary means of access for actual people to the system (computer), and these accounts insulate the user and the environment, preventing the users from damagi

Accounting is a significant service activity in business and is concerned along with collecting, evaluating, communicating and recording the results of past events. The history of

Q. Example of Adjustments for accrued items? For instance assume Micro Train Company has some money in a savings account. On 2010 December 31 the cash on deposit has earned one

Q. Show Tax benefits of LIFO? Tax benefits of LIFO The LIFO method outcomes in the lowest taxable income and thus the lowest income taxes when prices are rising. The Internal R

Calculate the amount of interest for each of the following independent situations (assume 365 days per year):             a)

Q. Describe the methods of recording? Two general deductions from gross sales are (a) sales discounts and (b) sales returns and allowances. Sellers trace these deductions in co

Kim presently owns a business that processes and distributes fresh vegetable to local supermarkets. She is looking to expand her business by acquiring the Lackawaxen Emu Oil Compan

Question 1 What is cash book? Explain the different types of cash book 2 Prepare a trial balance from the following Particulars Amount Rs.

WHAT DO YOU MEAN BY ACCRUAL CONCEPT