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) $150.
B) $160.
C) $340.
D) $920.

Question

Quizplus · Accepted Answer

To find the cash available at the beginning of the day, subtract the receipts from customers and add the payments to suppliers to the cash at the end of the day: $540 - $630 + $250 = $160.

Calculate the Cash Available at the Beginning of the Day