Multiple Choice
The following is an extract from Colin's balance sheets at 30 June 20X1 and 20X2:
Which one of the following statements is correct? During the financial year ended 30 June 20X4
A) There were cash outflows in respect of debtors and creditors, and there was a cash inflow in respect of stock
B) There was a cash outflow in respect of debtors, and there were cash inflows in respect of creditors and stock
C) There was a cash inflow in respect of debtors, and there were cash outflows in respect of stock and creditors
D) There were cash inflows in respect of debtors and creditors, and a cash outflow in respect of stock
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Aziz Ltd made sales of £2 344000
Q2: Barbara buys a fixed asset for £7000
Q3: Which of the following statements is correct?
Q4: The following is an extract from Ian’s
Q6: A decision to increase the credit given
Q7: Which one of the following transactions increases
Q8: Ewan Ltd makes an operating profit of
Q9: Overtrading is when the business is trading
Q11: The following information is available for Katherine
Q34: Working capital is the difference between current