In relation to the single-entry system of bookkeeping, which of the following statements is INCORRECT?

In relation to the Single Entry System, which of the following statements is INCORRECT?

In a Single Entry System, the financial position of a business is ascertained through the preparation of a:

Maddy, a sole trader, does not keep full accounting records but provides the following information for the year ended 31 December 20X5: - Opening Trade Receivables (1 Jan 20X5): $45,600 - Closing Trade Receivables (31 Dec 20X5): $52,400 - Total cash received from customers and banked: $315,000 - Irrecoverable debts written off during the year: $4,500 - Cash sales included in banked total: $15,000 It was discovered that the cashier had stolen $2,000 of cash received from credit customers before it could be banked. Maddy maintains an allowance for receivables of 5% of the year-end balance. What is the total Revenue (Sales) figure for the year ended 31 December 20X5?