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J] Architecture had the following cash transactions during the financial year ending 30 June 2022. The opening cash balance at 1 July 2021 was $45,000.
J] Architecture had the following cash transactions during the financial year ending 30 June 2022. The opening cash balance at 1 July 2021 was $45,000. a. Prepare a Cash Flow statement for JJ Architecture for the year ending 30 June 2022 using the information provided. [8 marks] b. Explain why depreciation is not included in the Cashflow Statement. Your answer should include an explanation of the difference between accrual and cash accounting (max 300 words) [4 marks] c. Explain whether this business could possibly have a loss in the Income Statement. Explain your answer by providing an example (max 300 words)
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