From the following details you are to draft a cash flow statement for D Duncan for the year ended 31 December 20X5: using 

(a) The FRS 1 layout and 

(b) The IAS 7 layout.

*Debtors 20X4 £8,800 – provision £600.

Debtors 20X5 £7,700 – provision £800.

A van was sold for £3,820 during 20X5. No new vans were purchased during the year.

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D Duncan Profit and Loss Account for the year ending 31 December 20X5 Gross profit Add Discounts received Profit on sale of van Less Expenses Motor expenses Wages General expenses Bad debts Increase in doubtful debt provision Depreciation: Van £ 410 620 1,940 17,200 830 520 200 1,800 £ 44,700 1,030 45,730 22,490 23,240