Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (15 Marks) Part (a) (8 Marks) A summary extract from the Cash Book of Turner Ltd for the year ended 30 June 2016

image text in transcribed

Question 3 (15 Marks) Part (a) (8 Marks) A summary extract from the Cash Book of Turner Ltd for the year ended 30 June 2016 disclosed Cash Book ning balance ccounts receivable ales cash 48,048Accounts payable 755,440Office Furniture 117,600ory purchased 15,120Salaries & wages 44,000Taxation payable 448,000 Provision for annual leave 45,600 Petty Cash 243,600 50,400 95,200 604,800 124,320 23,640 1,000 228,480 67,200 110,320 $1,548,960 ommission received ffice furniture hare capital Motor vehicles nterest income 7,952 Other operating expenses osits at call 67,200 Dividend payable Closing balance $1,548,960 Additional Information The petty cash float was $1,000 on 30 June 2015. There was $127,200 in deposits at call on 30 June 2015 Required: Prepare a cash flow statement for the financial year ended 30 June 2016, including the note required for the reconciliation of cash

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

Essentials Of Xbrl Financial Reporting In The 21st Century

Authors: Bryan Bergeron

1st Edition

0471220779, 978-0471220770

More Books

Students also viewed these Accounting questions