Question
Question Prepare a cash flow statement from the following 2018 2017 Assets Non Current Assets 191,500 100,500 Current Assets Bank 25,000 22,000 Trade receivables 22,500
| Question | |||
| Prepare a cash flow statement from the following | |||
| 2018 | 2017 | ||
| Assets | |||
| Non Current Assets | 191,500 | 100,500 | |
| Current Assets | |||
| Bank | 25,000 | 22,000 | |
| Trade receivables | 22,500 | 25,000 | |
| Inventory | 5,000 | 6,000 | |
| 52,500 | 53,000 | ||
| Total Assets | 244,000 | 153,500 | |
| Equity and Liabilities | |||
| Capital and Reserves | |||
| Ordinary Share Capital | 125,000 | 100,000 | |
| Share Premium | 12,000 | 3,000 | |
| Retained Earnings | 12,500 | 10,000 | |
| 149,500 | 113,000 | ||
| Non Current Liabilities | |||
| Bank Loan | 75,000 | 25,000 | |
| Current Liabilities | |||
| Trade Payables | 12,000 | 5,000 | |
| Proposed dividend | 5,000 | 7,500 | |
| Taxation | 2,500 | 3,000 | |
| 19,500 | 15,500 | ||
| Equity and Liabilities | 244,000 | 153,500 |
Adjustments
Assets with book value of RO10,000 was sold for RO13,000
Asset with book value of RO126,000 purchased during the year
Interest paid during the year is RO800
Depreciation charged to the NCA during the year is RO25000
Find out : 1. PBIT 2. Cash Flow Statement
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
978-0134128528
