Opening balance of Diks company was #12,202, closing balance #15,300, total cash received during the period #40,000. What was the amount of cash paid during the same period?
-
A.
#36,902 -
B.
#27,502 -
C.
#12,498 -
D.
#43,098
Correct Answer: Option A
Explanation
opening balance = 12,202 + cash recieved = 40,000 = 52,202
less closing balance
= 52,202 – 15,300 = 36902 (Amount spent during the period)