Question
Complete this cash flow reconciliation: Month 1 Month 2 Month 3 Month 4 Month 5 Opening balance $10,000 Cash revenues $40,000 $25,000 $25,000 $20,000 $55,000
Complete this cash flow reconciliation:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | |
|---|---|---|---|---|---|
| Opening balance | $10,000 | ||||
| Cash revenues | $40,000 | $25,000 | $25,000 | $20,000 | $55,000 |
| Cash payments | $15,000 | $20,000 | $50,000 | $45,000 | $20,000 |
| Closing balance |
- What is the closing cash balance at the end of the fifth month?
- Are there any months when the business is likely to have a cash shortfall?
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Auditing And Financial Management Federal Information System Controls Audit Manual
Authors: U.S. Government Accountability Office
1st Edition
1289168172, 978-1289168179
