Hey guys am doing Buiness paper 1 2008 may/june and there is a question that says calculate:
(i) Opening balance in November
(ii) Closing balance in November
(iii) Monthly net cash flow in December
and i have the following Table
oct nov dec
Opening balance 5 ? 10
Cash from sales to private 8 8 13
cash from debtors 10 11 11
Purchases 5 9 19
wages 6 6 6
overheads 3 3 3
monthly net cash flow 4 1 ?
closing balance 9 ? 6
Please help
Thank you
(i) Opening balance in November
(ii) Closing balance in November
(iii) Monthly net cash flow in December
and i have the following Table
oct nov dec
Opening balance 5 ? 10
Cash from sales to private 8 8 13
cash from debtors 10 11 11
Purchases 5 9 19
wages 6 6 6
overheads 3 3 3
monthly net cash flow 4 1 ?
closing balance 9 ? 6
Please help
Thank you