In a cash flow statement, which one of the following would not be found under the section "cash flows from operating activities"?
Strategic management deals with which ONE of the following;
AB commenced trading on 1 January 20XS. introducing $50,000 cash and $15,000 of assets to the business. The profit earned and retained in the business for the year ended 31 December 20X6 was $160,000. AB's closing capital at 31 December 20X5 was $190,000.
What is the value of AB's drawings for the year ending 31 December 20X5?
A purchase of fixed assets was debited to the purchases account.
This resulted in:
GH has the following transactions for the week of January 20X8:
GH is not registered for sales tax
What is the total of the sales day book for this week? Give your answer to the nearest whole number:
Refer to the exhibit.
The following extracts from the statement of financial position and income statement for Company S are available:
Included in operating profit was depreciation of $120,000 and a loss on disposal of non-current assets of $48,000.
The cash generated from operations for year 2 would be:
The purpose of charging the income statement with depreciation on non-current assets is:
XYZ's computerized accounting system automatically updates the non-current asset register when additions to property, plant and equipment are made A machine costing $120,000, with a useful life of five years and an estimated residual value of $12,000 is acquired at the year end.
Which of the following statements is correct in relation to the recording of this asset in the non-current asset register?
HJK has maintained minimal accounting records during the year but has the following information available:
HJK charges a mark-up on all goods sold of 25%. What is HJK's gross profit for the year?
CC is preparing its bank reconciliation, and has the following information:
What will the bank balance be, as presented in the statement of financial position, once the necessary adjustments have been made''
