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?
ARs. 25,000
BRs. 17,000
CRs. 8,000
DRs. 33,000
Correct answer
B. Rs. 17,000
Explanation
Ref: Amount of cash received = total revenue increased – account receivable increased = 25,000 – 8000 = 17,000.