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View Full Version : How do I find out the cash collections


domii23
Nov 3, 2012, 11:16 AM
Roberts Corp. had a beginning balance in accounts receivable of $74,235 and an ending balance of $119,261. Sales during the period were $483,916. Determine cash collections.

paraclete
Nov 3, 2012, 02:44 PM
opening balance + input minus closing balance = output

you will find such a equation is used in many accounting situations