Calculate the cash inflow/outflow during the year ended 31.12.2011. Income/expense for the year ended 31.12.2011 Sales Purchases
Question:
Calculate the cash inflow/outflow during the year ended 31.12.2011.
Transcribed Image Text:
Income/expense for the year ended 31.12.2011 Sales Purchases Rent Salaries £'000 1,680 1,246 60 246 As at 1.1.2011 Trade receivables Trade payables Prepaid rent Accrued salary £'000 245 264 15 32 As at 31.12.2011 Trade receivables Trade payables Accrued rent Accrued salary £'000 368 296 10 46
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
Note a Balancing figure in each account Trade receiv...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted:
Students also viewed these Business questions
-
Using the following Information, Answer the multiple Questions Use the following information to answer questions 1 and 2. Awesome Inc. Statement of financial position As at December 31 Awesome Inc....
-
The consolidated statements of cash flows and related note disclosure for Sirius XM Canada Holdings Inc. are in Exhibits 5-16A and B. Sirius broadcasts satellite radio channels to subscribers....
-
Using the indirect method, calculate the cash inflow or outflow from operating activities, using the followinginformation: Denman Inc. Comparative Balance Sheet Informationn December 31 2014 2013 $...
-
Doug Brackett wants to have enough mechanics on hand to take care of his customer requests, but he does not want to be paying mechanics to sit around doing nothing. Doug needs to know a reasonable...
-
How might a project manager differentiate between management paradigms that may prove beneficial and those that are going to be of no benefit?
-
Explain the procedures for graphically solving a lin ear programming problem. What solution method is used when the problem includes more than two or three products? LO5
-
between 35 and 44 years old
-
Office Mate Supplies Inc. has cash and carry customers and credit customers. Office Mate estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers....
-
Cutler Company has a cash account with a balance of $250,000 with Wright Bank and a cash account with an overdraft of $5,000 at Lowe Bank. What would the current assets section of Cutler's balance...
-
During the year the company acquired non-current assets for 1,900,000 and sold for 80,000 ones written down to 310,000. Required: Prepare a Statement of cash flows for year ended 30.9.2011. Statement...
-
A companys Statement of financial position reports its receivables as shown. In each of the following independent scenarios, identify the cash inflow from sales in the year ended 30 June 2012: (a)...
-
A wire is bent into the shape of a quartic function \(y=a x^{4}\) and oriented in a vertical plane, with \(x\) horizontal, \(y\) vertical, and \(a\) a positive constant. A bead of mass \(m\) is...
-
This case study is based on a fictional character on NBC's The Office. Michael is the central character of the series, serving as the Regional Manager of the Scranton branch of a paper distribution...
-
What is the significance of a balance sheet in understanding a firm's financial position? How do changes on the right side of the balance sheet (liabilities and equity) impact a company's financial...
-
A current event analysis where the article must focus on a management concepts). You will read the article and then provide an analysis of the subject matter discussed. The article should complement...
-
Given an exponential distribution with =20, what is the probability that the arrival time is a. less than X=0.2? b. greater than X = 0.2? c. between X=0.2 and X 0.3? d. less than X=0.2 or greater...
-
Choose at least two measures of employee attitudes. Discuss them and tell me about your discussion. Which group you believe are the most effective and efficient measures? Why? 2) Discuss turnover,...
-
Is it possible for heat to flow between two objects with the same internal energy? Can heat flow from an object with less internal energy to one with more internal energy? Defend your answers.
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
If a nonprofit hospital were planning to buy expensive MRI scanning equipment (to detect tumors), who might be involved in the buying center? Explain your answer and describe the types of influence...
-
Describe the situations that would lead to the use of the three different buying processes for a particular productlightweight bumpers for a pickup truck.
-
Why would an organizational buyer want to get competitive bids? What are some of the situations when competitive bidding cant be used?
-
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...
-
How to solve general ledger cash balance chapter 9 assignment 5
-
On 31 July 2018, Sipho bought 1 000 ordinary shares in ABC Ltd at a cost of R2 750. On 31 December 2018 the company made a 1 for 10 bonus issue. On 31 March 2019, Sipho sold 300 shares for R800. What...
Study smarter with the SolutionInn App