Calculate the cash available at the beginning of the day if cash at the end is $540, receipts from customers are $630 and payments to suppliers are $250.
A) $340
B) $920
C) $160
D) $150

Question

Quizplus · Accepted Answer

Cash available at the beginning of the day = Cash at the end of the day + Receipts from customers - Payments to suppliers
= $540 + $630 - $250
= $920 - $250
= $670

Therefore the correct choice is C.

Calculate the Cash Available at the Beginning of the Day