ACC501 2nd Quiz before midterm by Masoodkhan
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Masood Khan
May 9, 2012, 1:29:38 PM5/9/12
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please find the attachment file
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_______________________
Muhammad Masood Umer Khan
MBA 3.5 Years Program
4th Semester
VTNM01 Campus
Multan
Zubair Hussain
May 9, 2012, 3:40:13 PM5/9/12
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Dear Masood Khan,
Thanks and I just checked first two mcqs only and came across this one. Which I think need correction
Right Answer: 17,000
Ref: Amount of cash received = total revenue increased - account receivable increased
= 25,000 - 8000 = 17,000
Question # 2 of 20 ( Start time: 09:06:16 PM ) Total Marks: 1
During the accounting period, sales revenue is Rs. 25,000 and
accounts receivable increases by Rs. 8,000. What will be the
amount of cash received from customers for the period?
Select correct option:
Rs. 33,000
Rs. 25,000
Rs. 17,000
Rs. 8,000
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