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.
This exercise is part of the course
Financial Forecasting in Python
Hands-on interactive exercise
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