[felipemantovani]

Oh, I must have confused Bank Balance with an Overdraft (short-term liability).

Thank you.

[felipemantovani]

Hi, this was on an online mock from my tuition provider’s moodle.

The question ID: CIMA-Tu-ASS_P2_049.

Thanks for the help.

[felipemantovani]

This makes more sense now. Thank you.

[felipemantovani]

These were my thoughts exactly, but that’s all the information given in the question, which is why I was perplexed. These are all Kaplan practice questions. Thanks for getting back to me.

[felipemantovani]

Thank you for getting back to me. So obviously the beginning balance is 372 (a credit in liability), then since payables increased by 11 (another credit balance in the liability), so far the amount needed to satisfy that obligation is 383, then inventories are reduced by 12 (a credit in assets, which is essentially an increase in liabilities), pushing it to 395?

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