Vidyalelo
Commerce · Q587

Costing

Graduate and Post Graduate · Commerce · question 587

Q587

Cash receipts is added in to beginning cash balance to calculate

A.
total goods manufactured
B.
total cash available
Answer
C.
total revenue
D.
total goods sold

Answer: Option B

Solution

Answer: Option B
Solution:
Cash receipts is added in to beginning cash balance to calculate total cash available. A cash receipt is a printed statement of the amount of cash received in a cash sale transaction.