Day: January 9, 2023

Alex the business owner suspects a loss of cash has occurred.

Alex provides the data shown below.

• cash balance at the start of the month – £150
• cash balance at the end of the month – £100
• cash banked – £10,200
• cash sales for the month – £10,500

How much cash has been lost by Alex?

Select ONE answer:

1. £200
2. £250
3. £300
4. £350

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct = £150 + £10,200 – £100 – £10,500 = = > £350 loss

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