QUESTION
39

Which of the following
figures represents the balance of the master account if the central treasury at Midrand decided to arrange with
various subsidiaries’ banks to pool all its cash balances daily to a central master
account, leaving the subsidiary accounts with zero balances?

a.
surplus cash
balance of R 650 000

b.
deficit cash balance of R   800 000

c.
surplus cash balance of R1 080 000

d.    surplus cash balance of R1 100 000

Question

QUESTION
39

Which of the following
figures represents the balance of the master account if the central  treasury at Midrand decided to arrange with
various subsidiaries’ banks to pool all its cash balances daily to a central master
account, leaving the subsidiary accounts with zero balances?

a.   
 surplus  cash
balance of R 650 000

b.   
 deficit cash balance of R   800 000

c.    
 surplus cash balance of R1 080 000

d.     surplus cash balance of R1 100 000

Answer

surplus cash balance of R1 100 000

Answer

deficit cash balance of R   800 000

Answer

surplus  cash balance of R 650 000

Answer

surplus cash balance of R1 080 000

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QUESTION 39 Which of the following figures represents the balance of the mas...

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