Velbris recognised revenue of 4,200,000. Its trade receivables move from 620,000 to 705,000 and advances received from customers (contract liabilities) from 140,000 to 215,000 (case data). Compute cash received from customers.
- Revenue
- 4,200,000
- Opening receivables
- 620,000
- Closing receivables
- 705,000
- Opening customer advances
- 140,000
- Closing customer advances
- 215,000