1 Chapter : Cash Flow Preparation
![1. The statement of financial position of Fateh Enterprise, a sole trader, for two<br>successive years are shown below.<br>Statement of Financial Position as 31 December<br>2020<br>RM<br>2019<br>RM<br>RM<br>RM<br>Non Current Asşet<br>Land and premises (cost RM52,000]<br>Plant and machinery:<br>(Cost RM19,000)<br>(Cost RM25,000)<br>44,000<br>40,000<br>14,250<br>58,250<br>19,600<br>59,600<br>Current Asset<br>Inventory<br>Trade account receivable<br>Bank<br>6,600<br>17,800<br>6,300<br>12,600<br>7,100<br>24.400<br>82.650<br>26.000<br>85.600<br>FINANCED BY :<br>Capital account:<br>Balance at 1 January<br>Add: Net Profit for the year<br>42,000<br>18.000<br>47,000<br>22.000<br>60,000<br>(13,000)<br>47,000<br>69,000<br>(15,000)<br>54,000<br>Less:Drawing<br>Current Liabilities<br>Trade account payable<br>Bank overdraft<br>22,000<br>13,650<br>11,600<br>35,650<br>11,600<br>Non Current Linbilities<br>Loan(repayable December 2022)<br>20.000<br>85.600<br>82.650<br>Required:<br>Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December<br>2020.<br>](https://s3.us-east-1.amazonaws.com/storage.unifolks.com/qimg-008/008_tiatzj0-ivkibgym.jpeg)
Extracted text: 1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2020 RM 2019 RM RM RM Non Current Asşet Land and premises (cost RM52,000] Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 58,250 19,600 59,600 Current Asset Inventory Trade account receivable Bank 6,600 17,800 6,300 12,600 7,100 24.400 82.650 26.000 85.600 FINANCED BY : Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18.000 47,000 22.000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account payable Bank overdraft 22,000 13,650 11,600 35,650 11,600 Non Current Linbilities Loan(repayable December 2022) 20.000 85.600 82.650 Required: Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December 2020.