I have the cash receipts, the cash payments and the ending cash balance, but I can't figure out the beginging cash balance.
![]() |
I have the cash receipts, the cash payments and the ending cash balance, but I can't figure out the beginging cash balance.
You need to work the problem backwards to get the beginning balance.
Your basic formula is:
Beginning Cash balance + Cash Receipts - Cash payments = Ending Cash balance.
So:
Beginning Cash Balance = Ending Cash Balance - Cash Receipts + Cash Payments.
All times are GMT -7. The time now is 05:36 PM. |