FSTP - CBA Assessment Practice 1, Task 2e

ChrisJ30ChrisJ30 Just JoinedCambridgePosts: 93MAAT
I can't for the life of me work out task 2 part e...
Sales £63,900 -

During the yr, the trader also introduced a policy of allowing customers to settle their accounts at least one month after the sale was made...Which of the following is mostly likely to be the total on the SL at the end of the financial yr...Answer £6,490

Comments

  • BradleyClaridgeBradleyClaridge Posts: 27Registered
    Hi CP James,

    You and me both son, I can't for the life of me work that one out either, the trouble is with AAT online tests they just put the right answers they don't put the method to working out the figures! If they could add that it would be perfect!

    It's a strange question to be quite honest with you, but thankfully it's probably only a 1 mark question.

    Kind Regards
    Bradley Claridge
    I'm currently studying AAT Level 4! as part of my Finance Apprenticeship
    Alichat15
  • ChrisJ30ChrisJ30 Just Joined CambridgePosts: 93MAAT
    I'm guessing since they get at least a month to pay chances are it's not going to be =/> £63,900 so it must be < £63,900 and £6,490 is the only number.
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