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    6 views1 page

    PDF 20210513 082043

    Uploaded by

    roydkasweka

    Copyright:

    © All Rights Reserved
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    Note: The company never sold any tangible non- current assets during the year REQUIRE! (a) Prepare. ABABABA Limited's Statement of Cashflows for the year ended 31MARC; 2017 in accordance with requirements of IAS 7 (indirect method) (20 marks) ( Total = 20 marks ) QUESTION 2 (a) Explain the term“ Financial Accounting” (2 marks) (b) Identity and briefly explain the key stages in the Accounting Cycle or Process (8 marks) (c) Identify any FIVE users of Accounting information and briefly explain their main interest in the Accounting information disclosed by Key Financial Statements prepared at the end of the Accounting year (reporting period) of a Business Entity ( 10 marks ) ( Total = 20 marks) D cr Carriage oUhwards Sales cetwens Salaries and wage Discount A llowed Qrchase U7 rent ard rales Trade Pacievables © bank a Bank® Charges open rngiod sere ca xP inhng and Larrage (neds Machine ex Sra hones 283300 0 q 000 O QUESTION 3 TIZSOd ‘The following balances were extracted from the books of G.BUPE , a y sole trader dealing in assorted consumer goods , at 31 March 2018: — - ee KO000 CR | Capital, 701/17 - 300000 b De Drawings 138000 Oy “ Heating and Lighting - 12800 4) Oe Discounts Allowed ——ss—=

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