If sales revenue was $1,800,000 and accounts receivable decreased $40,000 during the year,then cash collected from customers equals $1,840,000.

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venkata sravanth · Accepted Answer

Final Answer : True, Explanation :  When accounts receivable decreases, it means that more cash has been collected from customers than the amount of sales made on credit. Therefore, to find the total cash collected from customers, you add the decrease in accounts receivable ($40,000) to the sales revenue ($1,800,000), resulting in $1,840,000.

If sales revenue was $1,800,000 and accounts receivable decreased $40,000 during the year,then cash collected from customers equals $1,840,000.

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