2 marksIn start of the month Fasial has a debit balance of bank account amounting $15,000. During the month following transactions took place: $Sales receipts deposited11,000Rent paid by cheque1,200Payments to suppliers by cheque8,000Customer payment received in cash after settlement discount of $3001,200 What is the closing balance of bank account at the end of the month?Answer:$

In a cash book, the opening balance was Ghc 70,600, closing balance was Ghc 86,600 and the total cash received during the period was Ghc 180,000. What was the amount of cash paid out during the period? A. Ghc 186,000 B. Ghc 164,000 C. Ghc 98,000 D. Ghc 146,000 E. Ghc 89,000

From the following information calculate the cash received from customers.Accounts receivable opening balance                      $20,000Credit Sales                                                                  $840,000Accounts receivable closing balance                         $40,000

A company had a debit bank balance of R50,000 on 1 August 2017. During August, total payments were R640,000 and total receipts were R595,000. Bank charges of R15,000 had not yet appeared on the bank statement. What is the cash book balance at 31 August 2017?Group of answer choicesA. R10,000 balanceB. R5,000 balanceC. R5,000 overdrawnD. R10,000 overdrawn

If the opening balance of borrowings was $330,000, the closing balance was $550,000 and  a total of $240,000 was paid off the entity’s borrowings during the period, how much additional cash did the entity borrow during the period?$120,000$460,000$90,000$3,100,000

Which general ledger account will be debited with the cost of sales account balance at the end of a period, to close off the cost of sales account?Group of answer choicesA. The trading accountB. The sales accountC. The profit or loss accountD. The finished goods account