Solution-Prepare a statement of cash flow for xyz ltd

Prepare a statement of cash flow for xyz ltd

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Reference no: EM131793456

Question - The balances in the accounts of XYZ at 30 June 2012 and 30 June 2013

	2013 ($000)	2012 ($000)
Sales (all on credit)	250	350
Cost of Goods Sold	130	110
Doubtful Debt Expense	25	30
Interest Expense	20	30
Salaries	30	25
Depreciation	10	15
Cash	144	139
Inventory	180	160
Debtors	270	250
Provision for Doubtful Debts	30	35
Land	150	150
Plant	100	90
Provision for depreciation	20	30
Bank overdraft	20	19
Accounts Payable	200	190
Accrued Salaries	22	18
Long-term loan	90	70
Share Capital	120	100
Opening retained earnings	307	187

Other Information -

Share Capital is increased by the bonus issue of 20 000 shares for $1.00 each out of retained earnings. Plant is acquired during the period at a cost of $30 000, while plant with carrying value of $nil (cost of $20 000; accumulated depreciation of $20 000) is scrapped.

Required - Prepare a statement of cash flow for XYZ Ltd for the year ending 30 June 2013.

Reference no: EM131793456

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Prepare a statement of cash flow for xyz ltd

Reference no: EM131793456

Reference no: EM131793456

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