Question

For August 2019, Ravi River Rafting will have cash receipts of RM94,000 and cash disbursements of...

For August 2019, Ravi River Rafting will have cash receipts of RM94,000 and cash disbursements of RM75,000. If its beginning cash is RM2,000 and its desired reserve is RM5,000, will it ending cash be in excess or shortfall, and by how much?

Select one:

a. Excess of RM6,000

b. Shortfall of RM-11,000

c. Excess of RM8,000

d. Shortfall of RM-6,000

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Homework Answers

Answer #1
Beginning            2,000
Add: receipts          94,000
Less: payments        (75,000)
Ending balance          21,000
Less: reserve          (5,000)
Excess          16,000

Answer is:

Excess of RM 16,000

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