Question 1
1.1
Alexander Bailey's industrial cleaning service: Cash Flow statement for the past month
Rands
Opening balance 9870
Receipts / Income
Business Debtors 21952
Cash Deposit 14200
Services Delivered 50500
Total 86652
Cost of Goods Sold
Taxes 3600
Supplies 6200
Purchased Goods 7400
Total 17200
Gross Profit 69452
Payments / Expenses
Computer software 3000
Bank Costs 171
Fuel Account 2190
Bakkie Payments 5000
Money Transferred 7000
Salaries 18400
Total 35761
Trading Profit 33691
Closing Balance 33691
Net Profit 23821
1.2 Cash flow is a term that refers to the amount of cash being received and spent by a business during a defined period of time. Measurement of cash f ...