These are the monthly cash flow figures for a business.
– Opening balance £25 000 Cash inflow £124 000 Cash outflow £182 000
What is the closing balance for the business at the end of the month?
Select ONE answer:
- -£33,000
- -£17,000
- £22,000
- £149,000
Show the workings to arrive at your answer, and explain and justify your reasons:
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This multiple choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 1 – Opening £25k + £124k inflow = £149k then minus cash outflow of £182k finally equals closing balance of -£33k.
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