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The following information was obtained from the accounting records of DBE Ltd on 3 1 December 2 0 1 8 , which is its financial
The following information was obtained from the accounting records of DBE Ltd on December
which is its financial yearend. The company has an authorised share capital of
ordinary shares.
REQUIRED:
Complete the Cash Flow Statement for the year ended December Show all
workings to obtain partmarks.
Extract from the Income Statement for the year ended December :
interest on loan
interest on overdraft
depreciation
income tax
net profit before income tax
Information from the Statement of Financial Position:
Ordinary Share Capital
Retained Income
Loan: TK Bank
Fixed Assets Carrying Value
Inventory
Trade and other receivables
Bank Favourable
Bank Overdraft
Cash Float
Trade and other payables
SARS Income tax: Debit: Credit
Shareholders for dividends
Included above in Trade and other receivables and Trade and other payables.
Total dividends for the year amounted to R
New equipment was purchased, and a vehicle was sold during the year, at its carrying value of R
Shares to the value of R were repurchased during the year. This transaction was recorded.
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