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Cash Float

jewels.pjewels.p Font Of All KnowledgePosts: 1,774Registered
in AAT Level 3 (Level 6 in Scotland)
"Cash Float decreased from £1000 to £800"

On my Practice Exam I had to calculate Total Sales on one of the questions. I calculated it correctly but got it wrong as I should have deducted the £200 deduction in the Cash Float from my figure.

So does that mean if the Cash Float was increased by £200 I would add this amount to the Sales Figure?

Getting a bit confused here?:confused1:
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Comments

  • PAMDILLPAMDILL Experienced Mentor Posts: 715Registered
    I would say yes unless another explanation has been provided for the increase in the cash float, such as a chqeue being written to top up cash float.
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