Question
71. The following information was taken from Skysong, Inc. cash budget for the month of July: Beginning cash balance $103000 Cash receipts 98000 Cash disbursements
71. The following information was taken from Skysong, Inc. cash budget for the month of July:
| Beginning cash balance | $103000 | |
| Cash receipts | 98000 | |
| Cash disbursements | 139000 |
If the company has a policy of maintaining an end of the month cash balance of $103000, the amount the company would have to borrow is
$20500.
$27000.
$61500.
$41000.
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Auditing Theory And Practice
Authors: Arun Kumar & Rachana Sharma
1st Edition
8171567207, 978-8171567201
