Multiple Choice
Anna is not wealthy. Her retail business had an opening cash balance of £500, she paid £15,000 cash into the bank, paid staff wages of £3,200 cash, paid sundry expenses of £800 cash, paid the window cleaner £200 cash, paid a repair man £2,000 cash and had £800 left on hand at the end of the year. Anna did not take any cash drawings.
Which of the following is most likely to be correct?
A) Anna made cash sales of £21,500 in the period
B) Anna took cash out of the bank to cover the expenditure but there is no record of it.
C) Anna introduced £21,500 cash to the business
D) Anna got a loan for £21,500
Correct Answer:

Verified
Correct Answer:
Verified
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