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CTP · Question #858

(Topic 9) To arrive at the closing cash position, a cash manager must add the expected settlements in the collection and concentration accounts and deduct the projected disbursement totals from the:

The correct answer is A. opening available balance. See the full explanation below for the reasoning.

Question

  • (Topic 9)

To arrive at the closing cash position, a cash manager must add the expected settlements in the collection and concentration accounts and deduct the projected disbursement totals from the:

Options

  • Aopening available balance.
  • Bclosing ledger balance.
  • Copening ledger balance.
  • Dclosing investment account balance.

How the community answered

(25 responses)
  • A
    72% (18)
  • B
    8% (2)
  • C
    4% (1)
  • D
    16% (4)

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