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Need asap Q6. XYZ Ltd provides the following information January 1 December 31 Sundry Debtor 65,000 105000 Cash in hand 13,000 20,000 Cash at Bank
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Q6. XYZ Ltd provides the following information January 1 December 31 Sundry Debtor 65,000 105000 Cash in hand 13,000 20,000 Cash at Bank 15,000 20,000 Bills Receivable 16,000 30,000 Inventory 90,000 84,000 Bills Payables 12,000 8,000 Outstanding expenses 6,000 5,000 Sundry Creditors 30,000 58,000 Bank Overdraft 30,000 42,000 Short term Loans 32,000 36,000 Prepare a schedule of changes in working capital Hint: Net Working capital: Jan 1st 89000 and Dec 31* 110000 Schedule of changes in working capital from Jan 1st to dec 31*Step by Step Solution
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