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The following is a list of business/accounting events. In each case, state the effect (increase, decrease or no effect) on both cash and profit: Effect

The following is a list of business/accounting events. In each case, state the effect (increase, decrease or no effect) on both cash and profit:


Effect on ProfitEffect on Cash
1.Repayment of a loan________________________________
2.Making a sale on credit________________________________
3.Buying a non-current asset for cash________________________________
4.Receiving cash from a trade receivable (debtor)________________________________
5.Depreciating a non-current asset________________________________
6.Buying some inventories for cash________________________________
7.Making a share issue for cash________________________________

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