Hey! Sign in to get help with your study questionsNew here? Join for free to post

Business studies aqa Buss 1

Announcements Posted on
  1. Offline

    ReputationRep:
    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. Offline

    ReputationRep:
    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

    ReputationRep:
    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. Offline

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

Reply

Submit reply

Register

Thanks for posting! You just need to create an account in order to submit the post
  1. this can't be left blank
    that username has been taken, please choose another Forgotten your password?
  2. this can't be left blank
    this email is already registered. Forgotten your password?
  3. this can't be left blank

    6 characters or longer with both numbers and letters is safer

  4. this can't be left empty
    your full birthday is required
  1. Oops, you need to agree to our Ts&Cs to register
  2. Slide to join now Processing…

Updated: April 24, 2012
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Today on TSR

How to predict exam questions

No crystal ball required

Poll
How will you be voting in the EU referendum?
Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.