Backward analysis

melxxx
melxxx Registered, AAT Student Posts: 4
Hi,

I need help. How would you calculate Revenue. If you are only given Trade Receivable?

Thank you so much.

Comments

  • Krisso
    Krisso AATQB, AAT Licensed Bookkeeper Posts: 122
    Are you given anything like average receivable days? If so divide by this and multiply by 365. There would have to be something else in the question to guide you
  • melxxx
    melxxx Registered, AAT Student Posts: 4
    Thank you for your replay. No, I have not been given the average receivable days. So I did not know what else to look out for to guide me
  • Krisso
    Krisso AATQB, AAT Licensed Bookkeeper Posts: 122
    Do you have the question to post to look at?
  • melxxx
    melxxx Registered, AAT Student Posts: 4
    No I don’t I was looking at it online and now I can’t find it anywhere. It makes it very difficult to explain not having all the information.
  • Krisso
    Krisso AATQB, AAT Licensed Bookkeeper Posts: 122
    Its very difficult to help as well with out it :p;)
  • melxxx
    melxxx Registered, AAT Student Posts: 4
    I know 🙈😅 appreciate your effort.
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