Question
Opening balance of cash account Rs 1,00,000. Expenditure paid Rs 30,000. Amount received from debtors Rs 80,000. What is the closing cash balance.
Answer: Option C
:
C
Closing balance = Opening balance + Receipts - Payments
= 1,00,000+80,000-30,000
= Rs 1,50,000.
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:
C
Closing balance = Opening balance + Receipts - Payments
= 1,00,000+80,000-30,000
= Rs 1,50,000.
Was this answer helpful ?
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