Question
The Statement of Profit and Loss for Book Limited for the year to 31 December 2022 shows a interest charge of 8,000. The company's Statement
The Statement of Profit and Loss for Book Limited for the year to 31 December 2022 shows a interest charge of 8,000. The company's Statement of Financial Position as at 31 December 2022 includes the following: Current Liabilities: 2022 2021 Trade Payables 23,000 10,000 Interest Payable 8,000 - Bank overdraft 2,000 25,000 37,000 51,000 What figure should be included in the Statement of Cash Flows for interest paid for 2022? You should enter your answer as a number with no sign. If your answer is a cash inflow, it should be a positive number and if it is a cash outflow, it should be a negative number (with a "-" symbol in front of the number).
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