Question

from the following information, prepare cash flow statement using indirect method according to accounting standards 3.
opening balance of cash - 45000
closing balance of cash- 55000
net profit for the year - 10000
sale of fixed assets - 90000
increase in trade payable- 36000
decrease in inventories - 24000
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Answer 1

Answer:

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Explanation:

opening balance of cash - 45000

closing balance of cash- 55000

net profit for the year - 10000

sale of fixed assets - 90000

increase in trade payable- 36000

decrease in inventories - 24000