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Cashflow Q.19.7Bpp study text

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Cashflow Q.19.7Bpp study text

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • June 22, 2021 at 4:29 pm #626115
    mohammedkaja
    Participant
    • Topics: 21
    • Replies: 25
    • ☆

    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
    Keymaster
    • Topics: 57
    • Replies: 54700
    • ☆☆☆☆☆

    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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