Final Accounts Preparation Workbook Question

DannyT90
DannyT90 Surrey AAT Student, AATQB Posts: 159
There is a question in each of the practice assessments of the Osborne Books and the same question also comes up on the practice exams on the AAT study page.

The actual question is (Practice Assessment 1):
'The trader has a policy of allowing customers to settle their accounts three weeks after the sale is made. Which ONE of the following is most likely to be the total on the sales ledger at the end of the financial year?'

I can write out the whole task to which this question relates too but first wanted to ask if anyone who has come across this question can tell me how to calculate the answer?

Answers

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