Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 (40 Marks The following is an extract from the financial statements of Thandeka (Pty) Ltd for the year ended 31 December 2021. Thandiaka

image text in transcribedimage text in transcribedimage text in transcribed

Question 1 (40 Marks The following is an extract from the financial statements of Thandeka (Pty) Ltd for the year ended 31 December 2021. Thandiaka (Dhil It Statement of Finanrial Dneition ae at 1 Doramher 2021 Additional Information: - Operating profit was arrived at after allowing for the following: - During the year, equipment with a carrying value of R42 750 (Cost, R48 750) was sold for R45 000, and replaced at a cost of R41 250. All other assets (Land and buildings, R51 000, Plant and equipment, R150 000) were acquired for expansion purposes. - Cash and cash equivalents on 31 December 2021 comprised cash in the bank of R3000, cash float of R900 and petty cash of R1 350. Cash and cash equivalents on 31 December 2020 comprised cash in the bank of R7 800 and petty cash of R1950. Required: Prepare Cashflow Statement for the year ended 31 December 2020 using the direct method

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions