Question: A cash flow statement for the year ended 31 March 2022 Mg Sade is a frader operating under the name of 'SA Traders'. She informs
A cash flow statement for the year ended 31 March 2022

Mg Sade is a frader operating under the name of 'SA Traders'. She informs you that she consistently adds 3351% to the cost of all goods which shs sells in order to arrive at selling prices. She presents you with the following finencial statements for the years ended 31 March 2021 and 2022 BALANCE SHEET AT 31, MARCH Additional furniture costing R5 000 was purchased 1 April 2021. The motor vehicles were purchased on 1 April 2021. The loan of R100 000 which bears interest at the rate of 5% p.a. payable in arrear was obtained on 1 April 2021
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
