Question: For October, a business has total cash inflow of 20,000. October expenses are 12,000 of which 3,500 is paid next month and includes 400 depreciation.

For October, a business has total cash inflow of £20,000. October expenses are £12,000 of which £3,500 is paid next month and includes £400 depreciation. If the opening cash balance for October was £5,000, what is October’s closing cash balance?

£13,000
No answer is correct
£25,000
£16,900
£17,700

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