You are required to draw up a statement of cash flows for K. Rock for the year
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You are required to draw up a statement of cash flows for K. Rock for the year ending 30 June 2017 from the following information using the IAS 7 layout.
Transcribed Image Text:
K. Rock Statement of Profit or Loss for the year ending 30 June 2017 Gross profit Add Reduction in allowance for doubtful debts Less Expenses: Wages and salaries General trading expenses Equipment running costs Motor vehicle expenses Depreciation: Motor vehicles Equipment Loss on sale of equipment Net profit 155,030 200 155,230 61,400 15,200 8,140 6,390 5,200 6,300 1,600 (104,230) 51,000
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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