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Cash flow, accounting, Basic Statistics
A business starts out with a cash balance of £1,000. It then makes the following transactions:
Buys inventory on credit for £500
Sells a non-current asset for £100 cash
Sells goods on credit £200
Buys a non-current asset for £400, paying a 10% cash deposit with the balance to be paid later.
What is the cash balance after these transactions?
Posted Date: 2/23/2012 5:54:41 PM | Location : United States
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