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Question 1 The following information pertains to G Sdn Bhd: Cash is collected from...

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Accounting

Question 1
The following information pertains to G Sdn Bhd:
Cash is collected from customers in the following manner:
60% of purchases are paid for in cash in the month of purchase and the balance
is paid the following month.
Required:
a. Prepare a summary of cash disbursements for the 4th quarter of the company.
(6 marks)
b. Prepare a summary of cash collections for the 4th quarter of the company.
(9 marks)
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