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(b) Prepare cash flow statement that will show Mubin the movement of cash in his business.

(b) Prepare cash flow statement that will show Mubin the movement of cash in his business.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mubin Distributor Statement of Financial Position as at 31st December 2018 and 2019 2019 RM 2019 RM 2018 RM 2018 RM Non-Current assets Equipment at cost 35,897 33,650 Less: Depreciation 16.960 18,937 14.196 19,454 Machinery 118,760 118,760 Less: Depreciation 71,256 47,504 59,830 59,380 66,441 78,834 Current assets Inventory 52,687 45,611 Receivable 78,490 65,442 Bank 371 131,177 111,424 197,618 190,258 Capital 137,841 128,069 Add: Net Profit 45,838 58,222 183.679 186,291 Less: Drawings (49,000) (48,450) 134,679 137,841 Current Liabilities Payable 39,943 42, 417 Bank overdraft 7,996 47,939 42,417 Non-current liability Loan 15,000 10,000 197.618 190.258 During the year 2019, he bought a new equipment at RM10,660 and he received RM5,200 cash from the sale of old equipment. Required: (b) Prepare cash flow statement that will show Mubin the movement of cash in his business.
Transcribed Image Text:Mubin Distributor Statement of Financial Position as at 31st December 2018 and 2019 2019 RM 2019 RM 2018 RM 2018 RM Non-Current assets Equipment at cost 35,897 33,650 Less: Depreciation 16.960 18,937 14.196 19,454 Machinery 118,760 118,760 Less: Depreciation 71,256 47,504 59,830 59,380 66,441 78,834 Current assets Inventory 52,687 45,611 Receivable 78,490 65,442 Bank 371 131,177 111,424 197,618 190,258 Capital 137,841 128,069 Add: Net Profit 45,838 58,222 183.679 186,291 Less: Drawings (49,000) (48,450) 134,679 137,841 Current Liabilities Payable 39,943 42, 417 Bank overdraft 7,996 47,939 42,417 Non-current liability Loan 15,000 10,000 197.618 190.258 During the year 2019, he bought a new equipment at RM10,660 and he received RM5,200 cash from the sale of old equipment. Required: (b) Prepare cash flow statement that will show Mubin the movement of cash in his business.
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