Ebrahim Has Been Trading for Many Years

question 12

Multiple Choice

Ebrahim has been trading for many years. At 31 May 2018, his trade receivables account had a balance of £48,221. During the financial year to 31 May 2019, Ebrahim made credit sales of £385,669. He received cash from his customers of £378,570. On 28 May 2019 a customer went into liquidation owing £4,410: the customer has insufficient assets with which to pay any of this debt. What is the debit figure that will appear in Ebrahim's trial balance for trade receivables at 31 May 2019?

• A) £36,712
• B) £41,122
• C) £50,910
• D) £55,320

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Definitions:

Gender Roles

Social and cultural expectations associated with a person's sex, influencing behaviors, interests, and personal values.

Promotion

The marketing efforts and strategies aimed at increasing awareness, interest, and sales of a product or service.

Company's Products

The goods or services that a company offers to customers, often characterized by quality, features, and branding.

Millennial Market

Refers to the consumer market consisting of individuals born between 1981 and 1996, characterized by their significant purchasing power and unique consumer behaviors influenced by technology.