Prepare a statement of cash flows for Chipsea Ltd for the year ended 31 December 2017 as
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Prepare a statement of cash flows for Chipsea Ltd for the year ended 31 December 2017 as required under IAS 7 using the direct method. The statement of profit or loss, statement of financial position and cash account of Chipsea Ltd for the year 2017 are given below:
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Statement of Profit or Loss for the year ending 31 December 2017 £ Revenue Less Cost of goods sold Less Expenses Wages Other costs Depreciation Interest Profit for the year 6,400 1,920 640 320 £ 20,800 (9.600) 11,200 (9,280) 1,920
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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