Opening balance
What Opening balance means in Business GCSE, as defined for AQA, OCR, Pearson Edexcel.
Definitions of Opening balance
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Reference: AQA
The balance at the start of a month, taken from the previous month's closing balance.
The cash available at the start of the month.
The amount of cash available at the start of the month.
Topics that use Opening balance
- Cash flow (AQA GCSE)
- Cash and cash flow (OCR GCSE)
- Cash and cash-flow (Pearson Edexcel GCSE)
Related terms
- Cash
- Insolvency
- Net cash flow
- Closing balance
- Cash Flow
- Cash Flow Forecast
- Cash flow management
- Cash inflows and outflows
Using Opening balance in the exam
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