Question: CCLP LIMITED CASH FLOW STATEMENT - INDIRECT METHOD CLLP Limited made a net profit of 25680 for the year ended June 30, 2018 after charging

CCLP LIMITED

CASH FLOW STATEMENT - INDIRECT METHOD

CLLP Limited made a net profit of 25680 for the year ended June 30, 2018 after charging depreciation of 1750 and loss on disposal of furniture of 680. The sale proceeds of the furniture were 1200.

Additional Information:

Account Name

Amount

Increase / Decrease

Fixed Assets

740

decrease

Debtors

1170

Increase

Stocks

2160

decrease

Creditors

890

Increase

A long - term loan of 7,500 was repaid during the year and issued 12000 new shares @ 1.

Prepare Cash Flow Statement using Indirect Method for the year ended June 30, 2018

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