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| ACME COMPANY | |
| STATEMENT OF CASH FLOWS | |
| FOR THE YEAR ENDED 12-31-2019 | |
| PARTICULARS | AMOUNT (IN THOUSAND $) |
| CASH FLOWS FROM OPERATING ACTIVITIES | |
| RECEIPTS FROM CUSTOMERS | 8400 |
| PAYMENTS TO CREDITORS | -6000 |
| EXPENSES | -600 |
| WAGES AND SALARIES | -300 |
| TAXES | -750 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 750 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |
| SALE OF FIXED ASSETS | 300 |
| PURCHASE OF FIXED ASSETS | -600 |
| NET CASH USED IN INVESTING ACTIVITIES | -300 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |
| ISSUE OF EQUITY SHARES | 900 |
| DIVIDENDS | -150 |
| REPAYMENT OF BANK LOAN | -900 |
| NET CASH USED IN FINANCING ACTIVITIES | -150 |
| NET INCREASE IN CASH | 300 |
| BEGINNING CASH BALANCE | 150 |
| ENDING CASH BALANCE | 450 |
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The following is a summary of cash transactions for Acme Company for the year ended 12.31.2019....
The following analysis of the cash transactions for the year was gathered from the incomplete records...
The following analysis of the cash transactions for the year was gathered from the incomplete records of N. Carroll, a merchant: Receipts: Received from Sundry debtors Additional investment of capital 300 000 45 000 Payments: Payments to Sundry creditors General expenses Wages Drawings 185 000 50 000 77 500 95 000 1 Jan. 31 Dec. Balances: Bank overdraft Debtors Creditors Stock Plant and machinery Furniture and fittings. 37 000 265 000 75 000 85 000 100 000 7 000 440...
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Alice is in a business as a retailer. She does not keep a full set of accounting records. Below are the few details of information that are available: 800 1 April 2017 31 March 2018 RM RM Land (Cost) 20,000 20,000 Motor Vehicle (Cost RM 6,000) 4,500 Inventory 7,000 8.000 Trade debtors 1,000 2,000 Prepayments - Motor vehicle expenses 400 600 - Insurance 100 200 Cash at bank 1,100 1,900 Cash in hand 200 900 Loan from Shandy 20,000 Trade...
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Jasper, a sole trader, has provided the following summary of his bank receipts and payments for the year ended 30 April 2010 DR CR Cash and cheques 424 000 Machinery Payments to creditors Rent Insurance Wages Postage Electricity Sundries 30 400 228 000 24 200 14 200 104 200 800 8 400 4200 Jasper's year-end balances were as follows: At 30 April 2009 2010 Trade receivables (debtors) Inventory (stock) Trade payables (creditors) Machinery at net book value Rent prepaid Insurance...
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Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
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The following analysis of the cash transactions for the year was gathered from the incomplete records of N. Carroll, a merchant: Receipts: Received from Sundry debtors Additional investment of capital 300 000 45 000 Payments: Payments to Sundry creditors General expenses Wages Drawings 185 000 50 000 77 500 95 000 1 Jan. 31 Dec. Balances: Bank overdraft Debtors Creditors Stock Plant and machinery Furniture and fittings. 37 000 265 000 75 000 85 000 100 000 7 000 440...
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Ms Sade is a trader operating under the name of 'SA Traders'. She informs you that she consistently adds 33% to the cost of all goods which she sells in order to arrive at selling prices. She presents you with the following financial statements for the years ended 31 March 2000 and 2001. INCOME STATEMENT 2001 2000 Sales net Less cost of sales Gross profit Discount received 471 100 360 900 110 200 1 700 111 900 93 420 18...
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