Business studies aqa Buss 1

Business and management discussion, revision, exam and homework help.

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  1. bkhan's Avatar
    1 01-04-2012  22:09
    • Junior Member
    • Location: London
    • Posts: 55
    Business studies aqa Buss 1
    Hi need help with buss1

    Opening balance - (12000)
    Cash inflows (sales) - cash outflows - 120000
    Cash Outflows - 120000
    Closing Balance - (12000)

    what does opening balance (12000) mean? and why is the closing balance the same.

    Thanks
  2. Azland's Avatar
    2 02-04-2012  00:53
    • Benevolent Member
    • Posts: 763
    Re: Business studies aqa Buss 1
    You started with 12000 for that particular month. You earned 120000 via cash inflows and spent 120000 via cash outflows. They cancel eachother out so your only left with the initial 12000 which you started with.
  3. xsmithyz's Avatar
    3 04-04-2012  00:42
    • New Member
    • Posts: 6
    Re: Business studies aqa Buss 1
    If the information of figures given is in brackets, it means that the figure is negative. So in your case the opening balance is negative 12,000.
  4. jk122's Avatar
    4 24-04-2012  22:04
    • Respected Member
    • Posts: 213
    Re: Business studies aqa Buss 1
    Hey does anyone have any ideas on what may come up in this exam?
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