Mr. Kumar - Sole Trader Balance Sheet as at 31 December ...
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Accounting
Mr. Kumar - Sole Trader
Balance Sheet as at 31 December
2020
2021
$
$
Fixed assets, at cost
4,100
4,560
Stocks
660
630
Debtors
1,780
1,260
Bank
0
710
Total Assets
6,540
7,160
Trade Creditors
1,200
840
Bank Overdraft
640
0
Loan from bank
0
1,000
Total Liabilities
1,840
1,840
Capital
4,700
4,700
Add: Profit for year
1,300
2,120
Less: Drawings
1,300
1,500
Total Equity
4,700
5,320
Liabilities & Equity
6,540
7,160
Required:
Draw up a cash flow statement for the year ended 31 Dec. 2021
Mr. Kumar - Sole Trader | |||||||
Balance Sheet as at 31 December | |||||||
| 2020 | 2021 |
|
|
|
| |
| $ | $ |
|
|
|
| |
Fixed assets, at cost | 4,100 | 4,560 |
|
|
|
| |
|
|
|
|
|
|
| |
Stocks | 660 | 630 |
|
|
|
| |
Debtors | 1,780 | 1,260 |
|
|
|
| |
Bank | 0 | 710 |
|
|
|
| |
Total Assets | 6,540 | 7,160 |
|
|
|
| |
Trade Creditors | 1,200 | 840 |
Bank Overdraft | 640 | 0 |
Loan from bank | 0 | 1,000 |
Total Liabilities | 1,840 | 1,840 |
|
|
|
Capital | 4,700 | 4,700 |
Add: Profit for year | 1,300 | 2,120 |
Less: Drawings | 1,300 | 1,500 |
Total Equity | 4,700 | 5,320 |
Liabilities & Equity | 6,540 | 7,160 |
Required:
Draw up a cash flow statement for the year ended 31 Dec. 2021
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