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I need answers for this Question 3 Mickey Sdn Bhd had the following transactions during the year: (a) (b) Purchases from suppliers were RM19,500, of
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Question 3 Mickey Sdn Bhd had the following transactions during the year: (a) (b) Purchases from suppliers were RM19,500, of which RM2,550 was unpaid at the year end. Brought forward payables were RM1,000. Wages and salaries amounted to RM10,500, of which RM750 was unpaid at the year end. The accounts for the previous year showed an accrual for salaries of RM1,500. Interest of RM2,100 on a long-term loan was paid in the year. Sales revenue was RM33,400, including RM900 receivables at the year end. Brought forward receivables were RM400. Interest on cash deposits at the bank amounted to RM75. (c) (d) (e) Required:- Calculate the cash flow from operating activities using the direct method. Show all relevant workings. [10 marks]Step by Step Solution
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