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Month: September 2016

DO YOU UNDERSTAND THE MOVEMENT OF MONEY IN THE CASH BOOK ?

Posted on 15 September 201622 November 2024

Lets see how you get on with this simple scenario: ·  Where there is an opening debit bank balance of £2,290 and the totals recorded in the cash book for the year ended 30 June 20X1 were: Receipts £259,298 Payments £262,698 Assuming there were no year-end adjustments, what will be the opening balance in the cash … Read More

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