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What the cash account balance at the end of the day

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Reference no: EM132691116

Problem 1: If a business commenced the day with RM3, 400 in hand and receives RM42, 800 and pays out RM44, 200 during the day, the cash account balance at the end of the day would be:

A. RM1, 400

B. RM4, 800

C. RM2, 000

D. RM46, 200

You are given the following information at 1 May:

Assets: Premises RM34, 000; Van RM5, 125; Fixtures RM810; Inventory RM6, 390; Accounts receivable: P Mullan RM140; F Lane RM310; Cash at bank RM6, 240; Cash in hand RM560

Liabilities: Accounts payable: S Hood RM215; J Brown RM460

Problem 2: What is the capital figure?

A. RM53, 575

B. RM52, 900

C. RM675

D. RM54, 250

Reference no: EM132691116

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