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Question 89

Opening cash balance is ₹6,00,000. Cash receipts are ₹2,50,000 and cash payments are ₹3,20,000. Calculate the closing cash balance.

  1. A₹5,30,000
  2. B₹5,50,000
  3. C₹4,80,000
  4. D₹6,70,000
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Correct answer: (A) ₹5,30,000

Explanation

Closing balance = opening + receipts − payments = 6,00,000 + 2,50,000 − 3,20,000 = ₹5,30,000.

From DSSSB TGT Computer Science Practice Set 1

This is question 89 of DSSSB TGT Computer Science Practice Set 1. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.