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Business studies aqa Buss 1

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Universities give advice on how to end your personal statement 19-11-2015
  1. Offline

    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.

  2. Offline

    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. Offline

    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.
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    Hey does anyone have any ideas on what may come up in this exam?


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