Question
Opening balance of cash account Rs 2,00,000 , Expenditure Incurred Rs 50,000 , Cash sales amounting to Rs 1,00,000. What is the closing cash balance.
Answer: Option A
:
A
Closing balance = Opening balance + Receipts - Payments
= 2,00,000+1,00,000-50,000
= Rs 2,50,000
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:
A
Closing balance = Opening balance + Receipts - Payments
= 2,00,000+1,00,000-50,000
= Rs 2,50,000
Was this answer helpful ?
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