06-12-2009, 03:08 PM
Faisal the correct answer should be 1250, based on the assumptions shown below.
Begining Cash balance 750
Cash Receipts 5500
(decrease in debtors)
Total Cash would have been available if there had no expense Rs 6,250.
Less Cash expenditures 5000
Cash should have been available / Cash defalcation by book keeper 1250
<b>ASSUMPTIONS</b>
All sales has been made on credit,
Decrease in debtors indicates the cash receipt other than that , which has been received & deposited in bank ,
There are no begining debtors.
While calculation $ sign being omitted.
Best Regards,
Begining Cash balance 750
Cash Receipts 5500
(decrease in debtors)
Total Cash would have been available if there had no expense Rs 6,250.
Less Cash expenditures 5000
Cash should have been available / Cash defalcation by book keeper 1250
<b>ASSUMPTIONS</b>
All sales has been made on credit,
Decrease in debtors indicates the cash receipt other than that , which has been received & deposited in bank ,
There are no begining debtors.
While calculation $ sign being omitted.
Best Regards,