ZOE Enterprise has the following accounts as at 31 st December 2019: Balance 01/01/2019 10,800
Fantastic news! We've Found the answer you've been seeking!
Question:
ZOE Enterprise has the following accounts as at 31st December 2019:
£ | £ | ||
Balance 01/01/2019 | 10,800 | Payment to Suppliers | 47,500 |
Cash receipts from sales of goods | 146,000 | Loan repayment to bank | 27,000 |
Loan received from Bank | 50,000 | Purchase of Equipment | 20,300 |
Issue of shares | 10,000 | Payment for expenses | 81,000 |
Dividend paid | 20,000 | ||
Balance 31/12/2019 | 21,000 | ||
216,800 | 216,800 | ||
Required:
1. Prepare a ZOE’s cash flow statement for the year ended 31st December 2019 using a direct method
2. Separate the following accordingly to either “a Cash Out” or “Cash In”?
2019 | 2020 | |
Debtors | £20,000 | £18,000 |
Creditors | £40,000 | £22,000 |
Equipment | £25,000 | £35,000 |
Related Book For
Posted Date: