Opening balance of cash account Rs 2,00,000, Expenditure Incurred Rs. 50,000, Cash sales amounting to Rs. 1,00,000. What is the closing cash balance.

Rs. 2,50,000

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Rs. 3,00,000

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Rs. 2,00,000

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Rs. 3,50,000

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Solution

The correct option is A
Rs. 2,50,000

Closing balance = Opening balance + Receipts - Payments

= Rs. 2,00,000 + Rs. 1,00,000 - Rs. 50,000

= Rs. 2,50,000

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Opening balance of cash account Rs 2,00,000, Expenditure Incurred Rs. 50,000, Cash sales amounting to Rs. 1,00,000. What is the closing cash balance.

The correct option is A Rs. 2,50,000 Closing balance = Opening balance + Receipts - Payments = Rs. 2,00,000 + Rs. 1,00,000 - Rs. 50,000 = Rs. 2,50,000

The correct option is A
Rs. 2,50,000

Closing balance = Opening balance + Receipts - Payments

= Rs. 2,00,000 + Rs. 1,00,000 - Rs. 50,000

= Rs. 2,50,000