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Understanding accounts payable and receivable

We have gone through some exercises on accounts payable and receivable (creditors and debtors). Now we will test your understanding of these concepts.

T-Z is a successful company producing custom T-shirts. Their balance sheet for the past three months broken down by month looks as follows:

Balance Sheet Item January February March
Accounts Receivables\Debtors 1000 750 750
Accounts Payables\Creditors 300 600 900
Bad Debts 0 250 0

Choose the most likely analysis of these balances.

Answer the question
50 XP
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