O Level Accounting (7707)•7707/11/M/J/25

Explanation
Cash basis accounting records sales as total cash received from customers Steps:
- Note all sales are on cash basis, so income statement sales equal total cash receipts from customers.
- Cash receipts consist of amounts banked from customer receipts plus unbanked cash from sales at year-end.
- Banked amount is 150.
- Wages and drawings do not affect sales revenue calculation.
Not enough information: The problem states "She received from customers." without specifying the total amount, making total cash receipts ambiguous despite banking and unbanked details.
Final answer: Not enough information.
Topic: Incomplete records
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