alleryStart learning →Opening cash Rs 12,000, receipts Rs 1,48,000, payments Rs 1,35,000. What is the closing cash?
ARs 25,000
BRs 13,000
CRs 1,95,000
DRs 1,71,000
Answer & Solution
Correct answer: A. Rs 25,000
Closing cash = 12,000 + 1,48,000 - 1,35,000 = 25,000.
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