The financial accountant of Harry Ltd. has provided the following cash-related information for the accounting year 2020:
Posted: Sat May 07, 2022 7:45 pm
The financial accountant of Harry Ltd. has provided the
following cash-related information for the accounting year
2020:
Harry Ltd. has received £50,000 in cash from customers.
Harry Ltd. has paid in cash to creditors an amount of
£10,000.
Harry Ltd. has purchased buildings for £250,000, 90% has been
paid in credit and the remainder in
cash.
Harry Ltd. is a small company that follows the direct
method to create the Statement of Cash
Flows. Required:
a) Create the Cash Flow Statement for Harry Ltd. using the
cash-related information provided by
the financial accountant of Harry Ltd.
following cash-related information for the accounting year
2020:
Harry Ltd. has received £50,000 in cash from customers.
Harry Ltd. has paid in cash to creditors an amount of
£10,000.
Harry Ltd. has purchased buildings for £250,000, 90% has been
paid in credit and the remainder in
cash.
Harry Ltd. is a small company that follows the direct
method to create the Statement of Cash
Flows. Required:
a) Create the Cash Flow Statement for Harry Ltd. using the
cash-related information provided by
the financial accountant of Harry Ltd.