The Balance Sheet of ABC Ltd, as at March 31st 2016 and 2017 are given follows.. Additional information 1. Purchased a new fixed asset costing 2500; paid 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2017 was 150. 3. One fully depreciated asset of an original cost of 700 and no salvage value was abandoned. Cash inflow from operating activities? Net increase in cash? 1. Equity and Liabilities Accumulated Depreciation Creditors Taxes Payable Bills payable Debentures Equity capital Profit and Loss Account II. Assets Cash Debtors Prepaid Rent Stock Investments Fixed Assets 2016 2000 720 600 1400 3500 5000 2640 15860 600 700 360 3200 4000 7000 15860 2017 2150 900 600 2600 3500 6000 2090 17840 800 1200 240 2800 4000 8800 17840

The Balance Sheet of ABC Ltd, as at March 31st 2016 and 2017 are given follows.. Additional information 1. Purchased a new fixed asset costing 2500; paid 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2017 was 150. 3. One fully depreciated asset of an original cost of 700 and no salvage value was abandoned. Cash inflow from operating activities? Net increase in cash? 1. Equity and Liabilities Accumulated Depreciation Creditors Taxes Payable Bills payable Debentures Equity capital Profit and Loss Account II. Assets Cash Debtors Prepaid Rent Stock Investments Fixed Assets 2016 2000 720 600 1400 3500 5000 2640 15860 600 700 360 3200 4000 7000 15860 2017 2150 900 600 2600 3500 6000 2090 17840 800 1200 240 2800 4000 8800 17840

Name: Exercise 2.2The Balance Sheet of ABC Ltd, as at March31st 2016 and 20
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Description: Exercise 2.2The Balance Sheet of ABC Ltd, as at March31st 2016 and 2017 are given follows..Additional information1. Purchased a new fixed asset costing 2500;paid 1300 cash and given short-term billspayable for the remainder.2. Net loss for the year

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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