closing cash

This topic has 1 reply, 2 voices, and was last updated 13 years ago by danielglover.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
January 11, 2013 at 8:26 am #111896
isab
Member
- Topics: 5
- Replies: 0
Can anyone answer this f3 question :
All Jinn ‘s sales are cash sales. During the year he made sales of $ 45,780 and banked $ 38,175.
He paid sundry expenses in cash of $ 2,200 and wages of $ 4,560 in cash. His opening cash was $ 365.

What is his closing cash figure?
January 15, 2013 at 11:39 am #113635
danielglover
Member
- Topics: 13
- Replies: 100
Easy! Easy!

Opening 365 (assuming it’s a debit balance)

Add:
Sales 45780

Less:
Banked 38175
Sundry expenses 2200
Wages 4560

Closing 1210
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.