LaiACCT1200/20 (tutorial 8, additional question & solution)
ADA University, School of Business
ACCT1200 Principles of Financial Accounting, Spring 2020
Tutorial 8 – Additional Cash-Flow Statement Question & Solution
Issue:
The following are the balance sheets of LCW Ltd as at 31 March 2018 and 31 March 2019:
31 March 2018 31 March 2019
$ $ $ $
Fixed assets at cost 86,500 82,500
Less Accumulated depreciation (23,000) (26,000)
63,500 56,500
Current assets
Stock 24,200 28,350
Debtors 19,550 18,100
Less Provision for bad and
Doubtful debts (850) (700)
18,700 17,400
Cash and bank 4,300 8,650
47,200 54,400
