- Home
- Finance & Accounting
- STATEMENT OF CASH FLOW
STATEMENT OF CASH FLOW Essay Example
- Category:Finance & Accounting
- Document type:Math Problem
- Level:Undergraduate
- Page:1
- Words:348
7Statement of cash flow
Adjustments
Sales account
Total sales for the year 300,000
Cost of sales 184,050
Operating profit 115,950
otor vehicle accountM
Balance brought down 36,800 Decrease in motor vehicle 9,200
Balance carried down 27,600
36,800 36,800
Disposal of motor vehicle
Cost of motor vehicle 9,200
Loss on disposal of motor vehicle 5,450
Cash in hand or at bank 3,750
ccounts payableA
Balance brought down 23,600
Balance carried down 25,500 Increase in accounts payable 1,900
25,500 25,500
ccounts receivableA
Balance brought down 83,400
Increase in accounts receivable 6,600 Balance carried down 90,000
90,000 90,000
ills receivableB
Balance brought down 5,200 Decrease in bills receivable 1,400
Balance carried down 3,800
5,200 5,200
nventory accountI
Balance brought down 56,300
Increase in inventory 8,400 Balance carried down 64,700
64,700 64,700
dvance accountA
Balance brought down 10,000 Decrease in advance 2,000
Balance carried down 8,000
10,000 10,000
Writing down of motor vehicle account
Balance brought down 9,200
Written down 6,100
Salvage value 3,100
Murray and darling
Statement of cash flow
As at 30th June 2011
Cash from operating activities
Operating profit 115,950
Add loss on disposal of motor vehicle 5,450
: Receipt from customers 964,000
: Decrease in advance 2,000
: Decrease in bills receivable 1,400
: increase in accounts payable 1,900
Less accounts receivable (6,600)
: Expense incurred (75,000)
: Payment to suppliers (881,200)
: Increase in inventory (8,400)
Cash from operating activities 119,500 119,500
Cash from investing activities
Proceeds from sale of furniture 2,400
Add decrease in motor vehicle 9,200
Less purchase of fixtures (20,400)
: Purchase of investment (20,000)
: Purchase of property (40,000)
: Purchase of furniture (5,500)
Income from investing activities (74,300) (74,300)
Cash from financing activities
Decrease in bank overdraft 22,000
Less drawings: Murray (9,000)
: Darling (10,400)
Less retained earnings: Murray (14,400)
: Darling (9,300)
Income from financing activities (21,100) (21,100)
Change in cash and cash equivalent 24,100
Cash analysis
Change at the beginning 100
Change in cash and cash equivalent 24,100
Cash at the end 24,200
References
Hogget, J. R. (2009). Financial Accounting: 7th edition. Camberwell: John Wiley & Sons
Australia Ltd.