The following is a list of business/accounting events. In each case, state the effect (increase, decrease or no effect) on both cash and profit:

		Effect on Profit	Effect on Cash
1.	Repayment of a loan	________________	________________
2.	Making a sale on credit	________________	________________
3.	Buying a non-current asset for cash	________________	________________
4.	Receiving cash from a trade receivable (debtor)	________________	________________
5.	Depreciating a non-current asset	________________	________________
6.	Buying some inventories for cash	________________	________________
7.	Making a share issue for cash	________________	________________

Answer rating: 100% (QA)

1 Repayment of a loan Effect on Profit No effect its not an expense Effect on Cash Decrease cash out... View the full answer