Question
What are the three types of cash flows presented on the statement of cash flows? (5 marks) Explain any differences between partnership and sole proprietorship
- What are the three types of cash flows presented on the statement of cash flows?(5 marks)
- Explain any differences between partnership and sole proprietorship(10marks)
- Identify whether each of the following items would appear in the operating, investing, or financing activities section of the statement of cash flows. (5 marks)
- Cash payments for equipment
- Cash receipts from sales of goods
- Cash dividends paid to shareholders
- Cash payments to employees
- Cash payments to lenders for interest on loans
- Prepare Indirect Method of cash flow statement( 10 Marks)
| Liability | 2017 | 2018 | Asset | 2017 | 2018 |
| Share capital Creditors(CL) Profit and loss a/c | 200000 70000 12000 | 250000 40000 23000
| Cash/Bank (CA) Debtors(CA) Stock(CA) land
| 30000 120000 80000 52000 | 42000 115000 90000 66000
|
|
| 282000 | 313000 |
| 282000 | 313000 |
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The Audit Process Principles Practice And Cases
Authors: Stuart Manson, Iain Gray, Louise Crawford
6th Edition
1408081709, 978-1408081709
