Credit Management

sophie_612
sophie_612 LondonRegistered Posts: 132
edited October 2020 in Credit Management
Hi,

Can anyone tell me how they got the answers for payments received?

Thanks
Sophie



Comments

  • Pian32
    Pian32 MAAT Posts: 448
    OB + Invoiced - Credit Notes + Interest - Closing Balance = Payments received.

    Think of it as an accounts ledger where you're missing the payments received. Put in all your debits and credits including the OB and CB then your balancing figure is your payments received.
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F5- Passed Dec 2020
    F6- Passed Sep 2020
    F7- Passed June 2021
    F8 - Planned Sep 2021
    F9 - Passed June 2021
    sophie_612
  • sophie_612
    sophie_612 LondonRegistered Posts: 132
    Pian32 said:

    OB + Invoiced - Credit Notes + Interest - Closing Balance = Payments received.

    Think of it as an accounts ledger where you're missing the payments received. Put in all your debits and credits including the OB and CB then your balancing figure is your payments received.

    thank you so much!
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