The Following Is an Extract from Colin's Balance Sheets at 30

question 5

Multiple Choice

The following is an extract from Colin's balance sheets at 30 June 20X1 and 20X2:

Which one of the following statements is correct? During the financial year ended 30 June 20X4

• A) There were cash outflows in respect of debtors and creditors, and there was a cash inflow in respect of stock
• B) There was a cash outflow in respect of debtors, and there were cash inflows in respect of creditors and stock
• C) There was a cash inflow in respect of debtors, and there were cash outflows in respect of stock and creditors
• D) There were cash inflows in respect of debtors and creditors, and a cash outflow in respect of stock

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