The Accounts Receivable Account Has a Beginning Balance of $52,000

question 28

Multiple Choice

The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $42,000 was sold on account during the year, what were the total collections on account?

• A) $25,000
• B) $59,000
• C) $69,000
• D) $79,000

---

Definitions:

Job Costing

A method of costing that assigns expenses to specific jobs or projects.

Direct Labour

The workforce involved directly in manufacturing products or delivering services, whose costs are tied to the production output.

Manufacturing Overhead

Indirect costs associated with manufacturing, such as utilities, maintenance, and factory management salaries.

Job Costing

A costing method that determines the cost of a specific job or project, making it suitable for industries like construction, where products are customized.