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If the bank balance was R10 000 (CR) at the beginning of the year and R24 000 (CR) at the end of the year, which one of the following statements is correct? O A. There was a net decrease in cash of R34 000. O B. There was a net increase in cash of R34 000. OCThere was a net decrease in cash of R14 000 OD. There was a net increase in cash of R14.000.

If the bank balance was R10 000 (CR) at the beginning of the year and R24 000 (CR) at the end of the year, which one of the following statements is correct? O A. There was a net decrease in cash of R34 000. O B. There was a net increase in cash of R34 000. OCThere was a net decrease in cash of R14 000 OD. There was a net increase in cash of R14.000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the bank balance was R10 000 (CR) at the beginning of the year and R24 000 (CR) at the end of the year, which one of the following statements is correct? O A. There was a net decrease in cash of R34 000. 0.8.There a net increase in cash of R34 000. eCThere was a net decrease in cash of R14 0001 0.D.There was a net increase in cash of R14.000 2ype tereto search
Transcribed Image Text:If the bank balance was R10 000 (CR) at the beginning of the year and R24 000 (CR) at the end of the year, which one of the following statements is correct? O A. There was a net decrease in cash of R34 000. 0.8.There a net increase in cash of R34 000. eCThere was a net decrease in cash of R14 0001 0.D.There was a net increase in cash of R14.000 2ype tereto search
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