alleryStart learning →Opening cash Rs 20,000, receipts Rs 65,000, payments Rs 70,000. Closing cash balance?
ARs 15,000
BRs 1,55,000
CRs 5,000
DRs 25,000
Answer & Solution
Correct answer: A. Rs 15,000
Closing cash = 20,000 + 65,000 - 70,000 = 15,000.
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