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-   -   How do I find out the cash collections (https://www.askmehelpdesk.com/showthread.php?t=713885)

  • Nov 3, 2012, 11:16 AM
    domii23
    How do I find out the cash collections
    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.
  • Nov 3, 2012, 02:44 PM
    paraclete
    opening balance + input minus closing balance = output

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

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