FSTP Sample Assesment 1 Q 1.1

Options
Please help with the following

The totals recorded in the cashbook are receipts 200,100 payments 205,158.

Assuming there are no adjustments, what will the opening balance of the following year be?

Correct answer is 3731 and I am really struggling to work it out.

You are also given opening and closing balances of trade receivables, payables, inventory, VAT and Bank.


Comments

Privacy Policy