From the following income statement and the balance sheets, prepare a funds-flow statement: The Income Statement for the year ended 31 December 2018 shows: Amount(2) Amount(2) 15,000.00 Profit before...


From the following income statement and the balance sheets, prepare a funds-flow statement:<br>The Income Statement for the year ended 31 December 2018 shows:<br>Amount(2) Amount(2)<br>15,000.00<br>Profit before depreciation<br>Less: Depreciation<br>Taxation<br>5,000.00<br>5,000.00<br>Dividend<br>Transfer to reserves<br>Balance of profit and Loss(P/L)A/e<br>The Balance Sheet as on 31 December, 2017 and 31 December, 2018 is as follows:<br>| Liabilitios<br>500.00<br>3,500.00<br>14,000.00<br>1,000.00<br>As on<br>As on<br>Assets<br>As on<br>As on<br>31/12/2017 31/12/2018<br>31/12/2017 31/12/2018<br>Share capital<br>Reserves<br>Fixed Assets<br>40,000.00 42,000.00<br>15,000.00 18,5000.00 Current Assets:<br>P&L A/e<br>1,000.00<br>Stodk<br>10,000.00<br>15,000.00<br>Secured Loans 9,000.00<br>14,000.00<br>Debtors<br>15,000.00<br>21,000.00<br>Current<br>Liabilities and 18,500.00 19,000.00<br>provisions<br>Total<br>Cash<br>2,500.00<br>4,000.00<br>67,500.00 82,500.00<br>67.500.00<br>82,500.00<br>

Extracted text: From the following income statement and the balance sheets, prepare a funds-flow statement: The Income Statement for the year ended 31 December 2018 shows: Amount(2) Amount(2) 15,000.00 Profit before depreciation Less: Depreciation Taxation 5,000.00 5,000.00 Dividend Transfer to reserves Balance of profit and Loss(P/L)A/e The Balance Sheet as on 31 December, 2017 and 31 December, 2018 is as follows: | Liabilitios 500.00 3,500.00 14,000.00 1,000.00 As on As on Assets As on As on 31/12/2017 31/12/2018 31/12/2017 31/12/2018 Share capital Reserves Fixed Assets 40,000.00 42,000.00 15,000.00 18,5000.00 Current Assets: P&L A/e 1,000.00 Stodk 10,000.00 15,000.00 Secured Loans 9,000.00 14,000.00 Debtors 15,000.00 21,000.00 Current Liabilities and 18,500.00 19,000.00 provisions Total Cash 2,500.00 4,000.00 67,500.00 82,500.00 67.500.00 82,500.00

Jun 10, 2022
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