Cash management Assessment 1

Can anyone explain task 1.1?
I can't get my head around the trade receivables balance?


  • SabrinaA
    SabrinaA Registered Posts: 5
    Hi Sabina

    The trade receivables balance is calculated by deducting the opening balance from the closing balance

    £118,888 - £99,400 = £19,488

    As the balance has reduced this means cash has come in therefore this will be a positive figure in the calculation of the closing cash position.

    Hope that makes sense :)
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