Giegiel runs a business namely Goal Bhd. The following is the Statement of Financial Position as...

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Giegiel runs a business namely Goal Bhd. The following is the Statement of Financial Position as at June 2018 and 2019 and the Statement of Profit or Loss for the year ended 30 June 2019 of Goal Bhd. Statement of Financial Position as at 30 June 2018 and 30th June 2019 30th June 2018 Assets: Bank Debtors Closing inventory Building Vehicle Provision for depresiation-vehicle Investment Liabilities and Equity Creditors Long-term bond Loan Ordinary shares at RM5 per unit Share premium Profit and loss Revenue Expenses Depreciation on vehicle Administrative expenses 30th June 2019 Utility expenses Loss on disposal of building Profit for the year 1,600 2,400 6,400 96,00 29,000 (2,800) 4,600 137.200 4,600 4,000 4,000 4,400 800 2,000 200 6,000 8,600 76,000 35,000 (3,600) 4,400 128.800 12,000 22,000 24,600 94,600 81,800 137.200 128.800 Statement of Profit or Loss for the year ended 30th June 2019 RM 3,400 6,000 13,000 RM 10,000 (9,000) 1,000 Additional information: (1) Dividends for current year amounting to RM13,800 are fully paid by cash. (ii) 200 units of ordinary shares at RM5 per unit were issued at RM18 per unit and fully paid on application. (iii) A vehicle costing RM6,000 has been purchased by bank loan Required: (a) Prepare the Statement of Cash Flow for the year ended 30 June 2019. (15 marks) (b) State the importance of cash flow statement in an organization and explain THREE (3) types of activities involves in preparing the statement. Giegiel runs a business namely Goal Bhd. The following is the Statement of Financial Position as at June 2018 and 2019 and the Statement of Profit or Loss for the year ended 30 June 2019 of Goal Bhd. Statement of Financial Position as at 30 June 2018 and 30th June 2019 30th June 2018 Assets: Bank Debtors Closing inventory Building Vehicle Provision for depresiation-vehicle Investment Liabilities and Equity Creditors Long-term bond Loan Ordinary shares at RM5 per unit Share premium Profit and loss Revenue Expenses Depreciation on vehicle Administrative expenses 30th June 2019 Utility expenses Loss on disposal of building Profit for the year 1,600 2,400 6,400 96,00 29,000 (2,800) 4,600 137.200 4,600 4,000 4,000 4,400 800 2,000 200 6,000 8,600 76,000 35,000 (3,600) 4,400 128.800 12,000 22,000 24,600 94,600 81,800 137.200 128.800 Statement of Profit or Loss for the year ended 30th June 2019 RM 3,400 6,000 13,000 RM 10,000 (9,000) 1,000 Additional information: (1) Dividends for current year amounting to RM13,800 are fully paid by cash. (ii) 200 units of ordinary shares at RM5 per unit were issued at RM18 per unit and fully paid on application. (iii) A vehicle costing RM6,000 has been purchased by bank loan Required: (a) Prepare the Statement of Cash Flow for the year ended 30 June 2019. (15 marks) (b) State the importance of cash flow statement in an organization and explain THREE (3) types of activities involves in preparing the statement.

Answer rating: 100% (QA)

a Please find the answer in attachment b Importance of cash flow statement It provides a complete or holistic view of the cash payment made by busines... View the full answer