The Balance Sheet of ABC Ltd, as at March 31st 2016 and 2017 are given follows.....

Transcribed Image Text:

The Balance Sheet of ABC Ltd, as at March 31st 2016 and 2017 are given follows.. Additional information 1. Purchased a new fixed asset costing 2500; paid 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2017 was 150. 1. Equity and Liabilities Accumulated Depreciation Creditors Taxes Payable Bils payable Debentures Equity capital Profit and Loss Account 3. One fully depreciated asset of an original cost II. Assets of 700 and no salvage value was abandoned. Cash Debtors Cash inflow from operating activities? Net increase in cash? Prepaid Rent Stock Investments Fixed Assets 2016 2000 720 600 1400 3500 5000 2640 15860 600 700 360 3200 4000 7000 15860 2017 2150 900 600 2600 3500 6000 2090 17840 800 1200 240 2800 4000 8800 17840 The Balance Sheet of ABC Ltd, as at March 31st 2016 and 2017 are given follows.. Additional information 1. Purchased a new fixed asset costing 2500; paid 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2017 was 150. 1. Equity and Liabilities Accumulated Depreciation Creditors Taxes Payable Bils payable Debentures Equity capital Profit and Loss Account 3. One fully depreciated asset of an original cost II. Assets of 700 and no salvage value was abandoned. Cash Debtors Cash inflow from operating activities? Net increase in cash? Prepaid Rent Stock Investments Fixed Assets 2016 2000 720 600 1400 3500 5000 2640 15860 600 700 360 3200 4000 7000 15860 2017 2150 900 600 2600 3500 6000 2090 17840 800 1200 240 2800 4000 8800 17840

Answer rating: 100% (QA)

Cash Inflow from Operating Activities 2016 Revenue E... View the full answer