Rs. Sales 1,280,000 Cost of sales (400,000) Gross profit 880,000 Wages and salaries (290,000) Other expenses (including depreciation Rs. 25,000) (350,000) 240,000 Interest charges (50,000) Profit before tax 190,000 Tax on profit (40,000) Profit after tax 150,000 Extracts from the statement of financial position: At 1 January 2017 At 31 December 2017 Rs. Rs. Trade receivables 233,000 219,000 Inventory 118,000 124,000 Trade payables 102,000 125,000 Accrued wages and salaries 8,000 5,000 Accrued interest charges 30,000 45,000 Тах раyable 52,000 43,000

Rs. Sales 1,280,000 Cost of sales (400,000) Gross profit 880,000 Wages and salaries (290,000) Other expenses (including depreciation Rs. 25,000) (350,000) 240,000 Interest charges (50,000) Profit before tax 190,000 Tax on profit (40,000) Profit after tax 150,000 Extracts from the statement of financial position: At 1 January 2017 At 31 December 2017 Rs. Rs. Trade receivables 233,000 219,000 Inventory 118,000 124,000 Trade payables 102,000 125,000 Accrued wages and salaries 8,000 5,000 Accrued interest charges 30,000 45,000 Тах раyable 52,000 43,000

Name: find cashflow from operations Rs.Sales1,280,000Cost of sales(400,000)G
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Description: find cashflow from operations Rs.Sales1,280,000Cost of sales(400,000)Gross profit880,000Wages and salaries(290,000)Other expenses (including depreciation Rs. 25,000)(350,000)240,000Interest charges(50,000)Profit before tax190,000Tax on profit(40,000)

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter12: Corporations: Organization, Capital Structure, And Operating Rules

Section: Chapter Questions

Problem 42P

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