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-   -   Cash receipts versus revenues (https://www.askmehelpdesk.com/showthread.php?t=634863)

  • Feb 10, 2012, 09:16 AM
    Pattib77
    Cash receipts versus revenues
    During the month of April, Simpson Co had cash receipts from customers of $170,000. Expenses totaled $156,000, and accrual basis net income was $42,000. There were no gains or losses during the month.

    Question 1: Calculate the revenues for Simpson Co. For April.
  • Feb 10, 2012, 05:41 PM
    pready
    Just add your expenses to net income to get your revenues because
    Reveneus - Expenses = Net Income

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