Sales revenue under the accrual basis of accounting, Accounting Basics

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Sales revenue under the accrual basis of accounting

The Slaughter Company uses the cash basis of accounting. Slaughter Company collected $850,000 from its customers during 2010. Customers owed Slaughter $50,000 of accounts receivable at the beginning of 2010, and $90,000 of accounts receivable at the end of 2010. What is Slaughter's sales revenue for 2010 under the accrual basis of accounting?

A) $810,000

B) $850,000

C) $890,000

D) $940,000

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Accounting Basics: Sales revenue under the accrual basis of accounting

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Accounting Basics: Sales revenue under the accrual basis of accounting

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Recent Questions Asked Accounting Basics

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Accounting Basics: Sales revenue under the accrual basis of accounting

Reference No:- TGS092472

Recent Questions Asked Accounting Basics

Q : Accounts receivable subsidiary ledger account

Q : Marge general journal

Q : Accrual basis of accounting problem

Q : How much cash was paid for wages

Q : Sales revenue under the accrual basis of accounting

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Q : Uncertainty or unpredictability of the future results

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Q : Interest rate compounded annually

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