Question
Extracts from the Statement of Financial Position as at 28 February 2022 2022 2021 R R Inventory 300 000 340 000 Trade and other receivables
Extracts from the Statement of Financial Position as at 28 February 2022 |
| |||
| 2022 | 2021 |
| |
| R | R |
| |
Inventory | 300 000 | 340 000 |
| |
Trade and other receivables | 113 500 | 95 000 |
| |
Trade and other payables | 159 000 | 102 000 |
| |
SARS Income tax | 18 000 (DR) | 50 000 (CR) |
| |
Extracts from the Statement of Financial Performance for the year 28 February 2022
| 2022 | 2021 |
| |
| R | R |
| |
Net profit before tax | 1 050 500 | 1 350 000 |
| |
Income Tax | 440 000 | 520 000 |
| |
Interest on loans | 53 000 | 44 000 |
| |
Dividend Paid | 380 000 |
|
| |
Depreciation | 55 000 | 45 000 |
| |
Required: 4.1 Prepare the Reconciliation between Profit before Taxation and Cash Generated from |
| |||
Operations Note. 4.2 Prepare an extract of the Cash Flow Statement showing Cash Flows from Operating |
| |||
Activities. |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started