These are the monthly cash flow figures for a business.
– Opening balance £10 000 Cash inflow £14 000 Cash outflow £28 000
What is the closing balance for the business at the end of the month?
Select ONE answer:
- -£14,000
- -£4,000
- £24,000
- £38,000
Show the workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 2 – Opening £10K + £14k inflow = £24k then minus cash outflow of £28k finally equals closing balance of £4k.
This work is licensed under a Creative Commons Attribution 4.0 International License.
The Multiple Choice Questions Blog 