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The inexperienced bookkeeper of Indaba Ltd was in the process of drafting a statement of cash flows. The following extracts from the statement of financial
The inexperienced bookkeeper of Indaba Ltd was in the process of drafting a statement of cash flows. The following
extracts from the statement of financial position and additional information were available on their financial yearend,
October :
REQUIRED
Prepare the statement of cash flows of Indaba Ltd for the year ended October
INFORMATION
Indaba Ltd
Statement of financial position as at October
Notes
ASSETS
Noncurrent assets
Property, plant and equipment
Current assets
Debtors
Inventory
EQUITY AND LIABILITIES
Equity
Ordinary share capital
Preference share capital
Retained earnings
Current liabilities
Trade and other payables
Shareholders for dividends
Interest expense payable
Income tax payable
Bank overdraft
Indaba Ltd
Notes for the year ended October
Property, plant and equipment
Carrying amount October
Cost
Accumulated depreciation
Movements during the year
Additions
Disposals
Depreciation
Carrying amount October
Cost
Accumulated depreciation
Accumulated depreciation
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