If the opening cash balance is ₹20,000 and receipts during the day are ₹15,000 while authorised payments are ₹9,000, the...

Type: MCQ • Marks: 1

If the opening cash balance is ₹20,000 and receipts during the day are ₹15,000 while authorised payments are ₹9,000, the closing cash balance is:

A. 26000

B. 34000

C. 14000

D. 44000

Explanation

Closing cash = Opening cash + Receipts − Payments = ₹20,000 + ₹15,000 − ₹9,000 = ₹26,000.

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UPSC Principal & Vice Principal Management Finance Administration

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