Taking into account that the income and expenses of the year are realized either in cash or with short-term credit, the working capital created or consumed during the fiscal year 2021 by the operating activity is;
Taking into account that the income and expenses of the year are realized either in cash or with short-term credit, the working capital created or consumed during the fiscal year 2021 by the operating activity is;
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 40P
Related questions
Question
|
|
2021 |
2020 |
|
Net profit for the year |
2300 |
2150 |
|
RECEIPTS FROM GRANTS FOR THE FINANCIAL YEAR |
800 |
300 |
|
Revenue from grants for the financial year |
200 |
150 |
|
Profit on the sale of fixed assets and investments in the financial year |
400 |
0 |
|
Staff compensation provisions |
250 |
200 |
|
Loss on impairment of fixed assets for use |
400 |
100 |
|
|
500 |
450 |
|
Other operating costs |
2200 |
2100 |
|
Total operating expenses |
3350 |
2850 |
Taking into account that the income and expenses of the year are realized either in cash or with short-term credit, the
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