Help with question on mock exam
sophie_612
Registered Posts: 136 Dedicated contributor 🦉
Hi,
Would someone be able to explain how to answer this question please.
the answer is £1459 - credit
I have my exam tomorrow and worried this may come up and need to know how to work out the answer.
Thanks
Sophie
Would someone be able to explain how to answer this question please.
the answer is £1459 - credit
I have my exam tomorrow and worried this may come up and need to know how to work out the answer.
Thanks
Sophie
0
Comments
-
at the top on the right side are the balances. Bank has 3811 debit side.
so 3811 + 200,448 receipts = 204259
credit side payments 205718
difference 1459 debit side. Balance C/D
its asking you the opening balance, so will be on credit side.
hope that helps.0
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