Use the following information to answer the question below 01/01/2016 31/12/2016 Trade debtors-------80,000 100,000 Trade creditors-----30,000 40,000 Stock-...

Question 1 Report

Use the following information to answer the question below

                                01/01/2016   31/12/2016
Trade debtors-------80,000           100,000
Trade creditors-----30,000            40,000
Stock-----------------70,000             90,000

Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000

 

Credit sales for 2016 is?
 

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