Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. professional engineering practice and ethics (0404

Professional Engineering Practice and Ethics (0404401) Assignment 1: Cashflow Preparation Prepare a forecast cashflow for...

90.2K

Verified Solution

Question

Accounting

image
Professional Engineering Practice and Ethics (0404401) Assignment 1: Cashflow Preparation Prepare a forecast cashflow for a new business for 6 months from July 2021 Fees Income AED8,000pm from August and remain constant for the rest of the financial year. July cash at start AED 17,000 Bank Loan AED35,000 at start of business Rent AED800p.m. Insurance AED80p.m. Electricity AED50 p.m. Salaries AED1000 p.m. Telephone & internet AED50 p.m. Professional fees payable in November AED500 Rates AED 300 p.m. CPD AED 200 p.m. Start-up costs paid in July Car AED8000 Stationery AED 300 Legal fees AED700 Office Rent AED5000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students