Question

The following information is of Al Jazeera logistics., Prepare cash flow statement for the year 2019.
Particulars
2018
2019
Sundry Debtors
OMR 30,000
OMR 25,000
Outstanding Expenses
OMR 2,100
OMR 1,500
Accounts Receivable
OMR 21,000
OMR 26,000
Income Received in Advance
OMR 700
OMR 600
Accounts Payable
OMR 17,000
OMR 13,000
Sundry Creditors
OMR 41,000
OMR 51,000
Prepaid Expenses
OMR 1,700
OMR 1,600

Further information: -
1. Profit earned during the year OMR 150,000 after considering the following items:
2. Cash balance in the beginning is OMR 35000
3. OMR 5,000 depreciation has been charged to machinery during the year
4. A dividend OMR 2,500 was paid during the year 2019.
5. During the year, the company purchased another company shares for 6,000
6. Al Jazeera company made Re-payment of bank loan of OMR 15,000.
7. Company issued 10% preference shares worth OMR 25,000 to public.
8. There was loss on sale of machinery OMR 2,000
9. During the year, the company purchased Land and building worth of OMR 20,000
10. Profit on sale of furniture is recorded during the year OMR 900

Answer 1

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