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CalculationIntermediateVariant — group VG.IAS7.000009Published

Question · The direct method

During the year Peltane's credit sales reached 1,735,000; its receivables balance fell from 388,000 at the start to 301,000 at the end. What amount of customer receipts should be presented under the direct method?

Credit sales
1,735,000
Receivables at the start
388,000
Receivables at the end
301,000
Your answer

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