Cashflow Q.19.7Bpp study text

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June 22, 2021 at 4:29 pm #626115
mohammedkaja
Participant
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Hello sir,
Hope you are doing well.
In question number 19.7,
The answer in the book says cash and cash equivalents at the beginning of the period is 634.
I’m not quite understanding how?
Kindly,explain
June 23, 2021 at 7:44 am #626130
John Moffat
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I think that you are meaning the Revision Kit (not the Study Text).

The cash balance is 1,063 and the bank overdraft is 429.

So the opening balance of cash and cash equivalents is 1,063 – 429 = 634.
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