Opening balance of cash account Rs. 1,00,000. Expenditure paid Rs. 30,000. Amount received from debtors Rs. 80,000. What is the closing cash balance.

Rs. 1,30,000

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Rs. 1,10,000

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Rs. 1,50,000

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Rs. 80,000

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Solution

The correct option is C
Rs. 1,50,000

Closing balance
= Opening balance + Receipts - Payments

= Rs. 1,00,000 + Rs. 80,000 - Rs. 30,000

= Rs. 1,50,000.

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Opening balance of cash account Rs. 1,00,000. Expenditure paid Rs. 30,000. Amount received from debtors Rs. 80,000. What is the closing cash balance.

The correct option is C Rs. 1,50,000 Closing balance = Opening balance + Receipts - Payments = Rs. 1,00,000 + Rs. 80,000 - Rs. 30,000 = Rs. 1,50,000.

The correct option is C
Rs. 1,50,000

Closing balance
= Opening balance + Receipts - Payments

= Rs. 1,00,000 + Rs. 80,000 - Rs. 30,000

= Rs. 1,50,000.