Juno Limited Draws Up Its Statement of Cash Flows Using

question 33

Multiple Choice

Juno Limited draws up its statement of cash flows using the direct method. The company presents you with the following figures:
$\begin{array}{c}&£ \\\text { Sales for the year to 31 July 2019 } &365,268 \\\text { Irrecoverable debts written off during the year } &3,765 \\\text { Trade receivables at 31 July 2019 } &77,159 \\\text { Trade receivables at 31 July 2018 } & 80,200\end{array}$ What was the cash received from sales for the year to 31 July 2019?

• A) £358,462
• B) £362,227
• C) £364,544
• D) £372,074

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