Business GCSE
Opening Balance
What Opening Balance means in Business GCSE, as defined for OCR.
Definition of Opening Balance
The amount of cash available at the start of the month.
Topics that use Opening Balance
- Cash and cash flow (OCR GCSE)
Related terms
Using Opening Balance in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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