XYZ Ltd's Financial Information Includes the Following [*] the Journal Entry for Bad Debts Written Off Debited

question 35

Multiple Choice

XYZ Ltd's financial information includes the following: $\begin{array}{lc}\text { Sales }&\$100,000\\\text { Accounts Receiv able balance } 1 \text { July } 13 & 30000 \\\text { Accounts Receiv able balance 30 June } 14 & 35000 \\\text { Bad debts written off [*] } & 1000 \\\text { Discount Allowed } & 5000\end{array}$ [*] The journal entry for bad debts written off debited Bad Debts Expense $1000 and credited Accounts Receivable $1000 direct write-off method) .
The cash received from customers for the year ended 30 June 14 was:

• A)$89 000
• B)$91 000
• C)$94 000
• D)$101 000

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Definitions:

Stage

A distinct phase in a process or a raised platform used for performances or public speaking.

Arm

The part of the human body extending from the shoulder to the wrist, including the elbow and forearm.

Depth of Field

The range within a photograph that appears acceptably sharp, influenced by aperture, focal length, and focusing distance.

Objective Lens

A primary lens in a microscope that is closest to the specimen, responsible for gathering light and focusing the image.