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What amount of net sales reported as revenue in the income

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Problem 1: During the current year, ABC Inc., made cash sales of Rs 275,000 and credit sales of Rs 450,000. During the year, accounts receivable decreased by Rs 32,000. The amount of net sales reported as revenue in the income statement for the current year.

Option 1: Rs. 725,000

Option 2: Rs. 693,000

Option 3: Rs. 275,000

Option 4: Rs. 450,000

Reference no: EM132767175

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