Question: We are asked to solve Balance sheet and statement cash flow (15 Marks) Q-1: a- Prepare a Balance Sheet and Cash Flow Statements for Adam's

We are asked to solve Balance sheet and statement cash flow

(15 Marks) Q-1: a- Prepare a Balance Sheet and Cash Flow Statements for Adam's Pharmaceuticals. Cash R$15,000 Investments Rs30.000 Land 70,000 Salary Payable 3,000 Tools 30,000 Buildings 51,000 Machinery 80,000 Office Furniture 46,000 Notes Pavable 10,000 Revenues 70,010 Capital 50,000 Cash Balance (previous month): 15,000 Cash increase due to Revenue: 17000 Collection for Building purchased: 17,510 Sale of Tools 75,000 Purchase of Land: 10500 Cash increase due to Revenue Adam's Investment: 1500 17000 Expenses paid in Cash: 570 b- What is articulation of the financial statement means? Elaborate

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