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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Cash Book
Addie’s cash book shows a credit balance of $500 brought down at the end of July 20X0.
What does this balance represent?
1. Addie has an overdraft at the bank
2. Addie received cash of $100 in July
3. Addie has money at the bank
4. Addie received cash of $100 in July
What is the answer to that question, sir?
I think 1st is the correct one.
1 is the correct answer.
Have you watched my free lectures on this? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
Thank you for answering, Sir!! I watched all of your free lectures about FA courses. THANK YOU SO MUCH! Just wanna check if my answer is right or wrong that’s why I asked here.
You are welcome 🙂