Question
The financial accountant of Harry Ltd. has provided the following cash-related information for the accounting year 2020: Harry Ltd. has received 50,000 in cash from
The financial accountant of Harry Ltd. has provided the following cash-related information for the accounting year 2020:
-
Harry Ltd. has received 50,000 in cash from customers.
-
Harry Ltd. has paid in cash to creditors an amount of 10,000.
-
Harry Ltd. has purchased buildings for 250,000, 90% has been paid in credit and the remainder in
cash.
Harry Ltd. is a small company that follows the direct method to create the Statement of Cash Flows. Required:
a) Create the Cash Flow Statement for Harry Ltd. using the cash-related information provided by
the financial accountant of Harry Ltd.
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Blockchain Techonology In Accounting And Auditing
Authors: Prof Oleksandr Melnychenko
1st Edition
1976900328, 978-1976900327
