Extracts from Sally's statement of financial position at 31 December 20X4 are as follows: Sally's statement of cash flows for the year ended 31 December 20X5 included the following information:
Sally's total of current assets less current liabilities at 31 December 20X5 was £86 300 (20X4 - £84 000).
What was Sally's cash balance at 31 December 20X5?
A)£17 500
B)£20 300
C)£19 800
D)£22 100

Question

Extracts from Sally's statement of financial position at 31 December 20X4 are as follows:  Sally's statement of cash flows for the year ended 31 December 20X5 included the following information:
 Sally's total of current assets less current liabilities at 31 December 20X5 was £86 300 (20X4 - £84 000).
What was Sally's cash balance at 31 December 20X5?
A)£17 500 
B)£20 300 
C)£19 800 
D)£22 100

Quizplus · Accepted Answer

The Answer of Extracts from Sally's statement of financial position at 31 December 20X4 are as follows:  Sally's statement of cash flows for the year ended 31 December 20X5 included the following information:
 Sally's total of current assets less current liabilities at 31 December 20X5 was £86 300 (20X4 - £84 000).
What was Sally's cash balance at 31 December 20X5?
A)£17 500 
B)£20 300 
C)£19 800 
D)£22 100

Extracts from Sally's Statement of Financial Position at 31 December