Accounting Problems

[Bernamine]

Please, help me solve the problems based on the scenario. Please.. thank you

 

[DrStrangeLove]

There's a separate forum for studying and help with homework problems. You'll have to try to solve them yourself first, and ask for help in that forum.

 

[Bernamine]

This is what i did. Can you tell me where my mistake is?

 

[Fidget]

You're not far off the mark. This should help if you follow it through

 

[Bernamine]

May i ask where did you get the 37,655,000?? Thank you for your help

 

[Fidget]

It's the bank account balance. You're not given it in the question, so you have to work it out (which is essentially the 'cash flow' part of this question). Total cash into the bank minus total cash out of the bank = the bank balance.

 

[Bernamine]

Oh my god! Thank you so much! You're heaven sent!

 

[Fidget]

No worries at all. None of us were born just knowing how to do this stuff.

PS: put these questions in the 'exams and studying' section next time, just so it's in the correct thread.

 

[Bernamine]

Thank you again!