A business has the following cash flow information for one particular month:
- Opening balance: £5 000
- Cash inflow: £7 000
- Cash outflow: £14 000
What is the closing balance at the end of this month?
Select ONE answer:
- – £12 000
- – £2 000
- £9 000
- £16 000
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 2
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