At the Beginning of the Financial Year,trade Receivables Are £6,000

question 20

Multiple Choice

At the beginning of the financial year,trade receivables are £6,000 and trade payables are £4,000.Cash received from receivables in the year are £40,000 and cash paid to payables are £20,000.Closing receivables are £3,000 and closing payables are £5,000.
What are the sales of the business in the year?

• A) £43,000
• B) £37,000
• C) £25,000
• D) £19,000

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