The balance sheets of M Daly, a sole trader, for two successive years are shown below. You
Question:
The balance sheets of M Daly, a sole trader, for two successive years are shown below. You are required to draw up a cash flow statement for the year ended 31 December 20X4.
Transcribed Image Text:
Fixed assets Land and premises (cost 3,000) Plant and machinery (cost 2,000) (cost 3,000) Current Assets Stocks Trade debtors Bank Current Liabilities Trade creditors Bank overdraft Loan (repayable December 20X9) Balance Sheets as at 31 December 20X3 20X4 3 M 2,600 2,340 1,500 4,100 2,300 4,640 660 630 1,780 1,260 2,440 710 2,600 1,200 840 640 (1,840) (840) 600 1,760 4,700 6,400 (1,000) 4,700 5,400 Represented by Capital account: Balance at 1 January 4,200 4,700 Add Net profit for the year 1,800 2,200 6,000 6,900 Less drawings (1,300) (1,500) 4,700 5,400
Step by Step Answer:
This question has not been answered yet.
You can Ask your question!
Related Book For
Question Posted:
Students also viewed these Business questions
-
The balance sheets of M Daly, a sole trader, for two successive years are shown below. You are required to draw up a cash flow statement for the year ended 31 December 19X4. Balance Sheets as at 31...
-
The balance sheets of F Black, a sole trader, for two successive years are shown below. You are required to draw up a cash flow statement for the year ended 31 December 20X4 (a) Using the FRS 1...
-
Question 1 The statement of financial position of Encik Ali, a sole trader for two successive years are shown below. You are required to draw a statement of cash flows for the year ended 31 December...
-
In Exercises 7683, use a graphing utility to graph the function. Use the graph to determine whether the function has an inverse that is a function (that is, whether the function is one-to-one). f(x)...
-
A driver sets out on a journey. For the first half of the distance she drives at the leisurely pace of 30 mi/h; she drives the second half at 60 mi/h. What is her average speed on this trip?
-
The following are the monthly rates of return for Madison Corp. and for Sophie Electric during a six-month period. a. Compute the average monthly rate of return for each stock. b. Compute the...
-
There was talk throughout the chapter concerning the enhancement of productivity in hospitality enterprises. How would automated procurement, inventory management and requisitioning activities...
-
In September 2012, the PCAOB issued an ORDER INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONSIn the Matter of Jewett, Schwartz, Wolfe & Associates, P.L., Respondent. See...
-
Attached is a screenshot of the question. Please answer c El '7 ' 0 ' DD(umenH , Wald File Hnrne lnseri Deslgn Reteienres Malllngs Renew ' , LayDut QI lir -, . ism iv Pm l a Marginsonenvatien Size...
-
John Flynn Balance Sheets as at 31 December Draw up a cash flow statement for John Flynn for the year ended 31 December 20X9. You are told that fixtures bought in 20X9 cost 400, whilst a van was...
-
From the following list of balances you are required to prepare a departmental trading and profit and loss account in columnar form for the year ended 31 March 20X39, in respect of the business...
-
Express Z(s) for the circuit shown in Fig. 8-17 and observe the resulting magnitude scaling. Z(s) = K Ls + m K (K_R). Cs K m KR+ Cs KR = K_[Ls + R KLs R(1/Cs) R+ (1/Cs) K m Cs
-
Price a 90 day 100 strike Bermudian option with 15 day early exercise periods. Assume r = 1 % and = 20 %. Use the binomial tree solution method. Plot the price of the option versus originating stock...
-
Lally, Inc., produces universal remote controls. Lally uses a JIT costing system. One of the companys products has a standard direct materials cost of \($7\) per unit and a standard conversion cost...
-
Do a search for a sample pleading format and see if you can find one for California.
-
Determining the limitations of the constitutional doctrine of due process has been a difficult issue to resolve. Use the Internet to research specific California cases in which a court considered...
-
Visit the California State Bar Fee Arbitration Department website at www.calbar.ca.gov/Attorneys/MemberServices/FeeArbitration.aspx and familiarize yourself with the California fee arbitration...
-
A piston held by a pin in an insulated cylinder contains 2 kg water at 100C, quality 98%. The piston has a mass of 102 kg, with cross-sectional area of 100 cm2, and the ambient pressure is...
-
Reread the discussion leading to the result given in (7). Does the matrix sI - A always have an inverse? Discuss.
-
A distribution of measurements is relatively mound-shaped with a mean of 80 and a standard deviation of 12 . Use this information to find the proportion of measurements in the given interval between...
-
Most goods and service that we enjoy are bought and sold in market. However, leisure is something that we value but we do not buy it explicitly. What is the price of leisure? Explain what would...
-
Halo for Heroes II You are a member of a project management practicum class. The major assignment for this class is to plan and implement a fund-raising project that will raise at least$1,500 and...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App