Solved: An organization is owed 50000 by its trade debtors, Accounting Basics

An organization is owed 50000 by its trade debtors

Question - An organization is owed £50,000 by its trade debtors (receivables) and in relation to its credit sales on 31.12.20X4. During the year to 31.12.20X5, it makes credit sales of £750,000. At 31.12.20X5, it is owed £125,000 by its trade debtors.

How much money did the organization receive from its trade debtors and in the year to 31.12.20X5?

How will the above information affect the organization's?

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Accounting Basics: An organization is owed 50000 by its trade debtors

Reference No:- TGS02860598

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