Question
Opening balance of cash account is Rs 2,00,000. Expenditure payable is Rs 70,000. Amount of cash sales is Rs 80,000 & Amount of credit sales is Rs 1,00,000. What is the closing cash balance?
Answer: Option B
:
B
Closing balance = Opening balance + Receipts - Payments =Rs 2,80,000.
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:
B
Closing balance = Opening balance + Receipts - Payments =Rs 2,80,000.
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