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.
Opening capital = Rs. 1,00,000 , Drawings = Rs. 20,000 , Loss for the year = Rs. 30,000 , Additional capital introduced during the year = Rs. 20,000. What shall be the closing capital ?
Calculate the amount of opening trade receivables and closing trade receivables from the following figures:
Trade Receivables turnover ratio 4 times.
Cost of Revenue from operations Rs 6,40,000
Gross profit ratio 20%
Closing trade receivables were Rs 20,000 more than at the beginning.