Rs. Sales 1,280,000 Cost of sales (400,000) Gross profit 880,000 Wages and salaries (290,000) Other expenses (including depreciation Rs. 25,000) (350,000) 240,000 Interest charges (50,000) Profit before tax 190,000 Tax on profit (40,000) Profit after tax 150,000 Extracts from the statement of financial position: At 1 January 2017 At 31 December 2017 Rs. Rs. Trade receivables 233,000 219,000 Inventory 118,000 124,000 Trade payables 102,000 125,000 Accrued wages and salaries 8,000 5,000 Accrued interest charges 30,000 45,000 Тах раyable 52,000 43,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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find cashflow from operations

Rs.
Sales
1,280,000
Cost of sales
(400,000)
Gross profit
880,000
Wages and salaries
(290,000)
Other expenses (including depreciation Rs. 25,000)
(350,000)
240,000
Interest charges
(50,000)
Profit before tax
190,000
Tax on profit
(40,000)
Profit after tax
150,000
Extracts from the statement of financial position:
At 1 January
At 31 December
2017
2017
Rs.
Rs.
Trade receivables
233,000
219,000
Inventory
118,000
124,000
Trade payables
102,000
125,000
Accrued wages and salaries
8,000
5,000
Accrued interest charges
30,000
45,000
Тах рayable
52,000
43,000
Transcribed Image Text:Rs. Sales 1,280,000 Cost of sales (400,000) Gross profit 880,000 Wages and salaries (290,000) Other expenses (including depreciation Rs. 25,000) (350,000) 240,000 Interest charges (50,000) Profit before tax 190,000 Tax on profit (40,000) Profit after tax 150,000 Extracts from the statement of financial position: At 1 January At 31 December 2017 2017 Rs. Rs. Trade receivables 233,000 219,000 Inventory 118,000 124,000 Trade payables 102,000 125,000 Accrued wages and salaries 8,000 5,000 Accrued interest charges 30,000 45,000 Тах рayable 52,000 43,000
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