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Inventroy

Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Inventroy

  • This topic has 0 replies, 1 voice, and was last updated 10 months ago by hafsagadit2000.
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  • March 6, 2022 at 9:05 pm #650013
    hafsagadit2000
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    • Topics: 1
    • Replies: 1
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    á business has the following cash and bank transactions during January 2001. balance 1.1.2001: cash $500, Bank $1,000 overdrawn, receipts of cash $12,600, cash paid $3,200, Cash paid to bank $5,500, payments by cheque $8,200. Closing balance: cash $600 and Bank $6.200 overdrawn. Calculate the total cash and bank drawing.
    A. $14.800 (no bank drawing)
    B. $860
    C. $11,800
    D. $6,300

    Why the answer is option D.

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