Question

The following information relates to ABC Ltd. Accounts Payable Accounts Receivable Amortisation of Intangibles Cash and cash equivalents 1 August 2018 Depreciation for year Dividends Payable Dividend paid Gain on Disposal of Property, Plant & Equipment Interest Paid Taxes Paid Inventory Payments to suppliers & employees Payments for intangible assets Proceeds from borrowings Proceeds from sale of Property, Plant & Equipment Proceeds from share issue Profit for year Provision for Employee Benefits Payments for Property. Plant & Equipment Repayment of Borrowings Receipts from customers Rents received 24,192 6,453 7,758 152,144 7,490 35,386 50,138 2,856 13,298 25,647 29,520 3,479,059 795 88,361 98 40,000 67,238 4,286 108,701 9,169 3,556,358 1,901 Prepare the Statement of Cash Flows to comply with GAAP for inclusion in the Annual Report dated 31 July 2019. (Presentation, headings, totals; Calculations, figures in correct activities)

Answer 1

Cash Flow Statemet to include in Annual Rport dated 31/07/2019
Activity	Nature of cash flow	Amount ($)
Operating Activity
	Taxes paid	-25647
	Payment to suppliers and employees	-3479059
	Receipts from customers	3556358
	Rents received	1901
	Total(A)	53553
Financing Activity
	Dividends Paid	-50138
	Interest paid	-13298
	Proceeds from borrowings	88361
	Proceeds from shares issue	40000
	Repayment of borrowings	-9169
	Total(B)	55756
Investing Activity
	Payment for intangible assets	-795
	Proceeds from sale of Property, plant and equipment	98
	Payment for Property, Plant and Equipment	108701
	Total(c)	108004
	Total (A+B+C)	217313
	Opening Balance of cash and cash equivalancts as on 01/08/2018	152144
	increase or decrease in current year	217313
	Closing cash and cash equivalants as on 31/07/2019	369457