Practice question · Estimate
A cash account starts at 500, receives debits of 300 and credits of 120. Estimate the closing balance.
Estimate on a scale from 0 to 1000.
Hints
- Cash is an asset, debits increase it.
- .
Show the answer
680 (answers within ±15 count)
Why
. Debits (inflows) and credits (outflows) give the net movement; the balance is always the running total of the dominant side.
Practise Double-Entry Bookkeeping
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