alleryStart learning →Opening cash 20, inflows 90, outflows 60. What is closing cash?
A30
B70
C170
D50
Answer & Solution
Correct answer: D. 50
Closing cash is inflow minus outflow plus opening balance, 90 minus 60 plus 20, which is 50.
Keep practising Cost Accounting
Browse all Cost Accounting questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Factory property taxes are categorised as which type of overhead?Cost accounting aims to compute cost, facilitate cost control and what?IFRS are issued by which body?Total assets are 500 and liabilities 320. What is equity?Opening retained earnings 40,000, net income 25,000, dividends 10,000. Closing?Throughput accounting includes which costs in cost of goods sold?Across a business's life, FIFO, average cost and LIFO change which item?Standard cost variances at period end are split between COGS and what?