In calculating Cash collected from customers, do we use Net A/R or Gross A/R ?
not sure what you mean, just do the standard formula below and you’ll be fine: cash collected = Revenues - change in a/r + change in deferred earnings if any a/r were sold, add that to the change in a/r figure. a question like this showed up on last year’s exam; it showed a balance sheet with two years info, likewise with an income statement.
I mean do we consider the write-offs/doubtful allowance in case given in question to find A/R?
I would think not, but w/e. it won’t be that nitty gritty, you’ll get the figures, you’ll put them in, and you’ll solve. if you try to learn everything down to that level of detail, you’ll never absorb everything bud, just know the formulas cold.