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#1
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Please Solve this questions
Paper I 2014
Question number 4 Question number 7 I shall be thankful to you. |
#2
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2014 Q7
gross profit 36000 net profit 2000 B/S 202000 Q7 2014 You have to calculate credit sales and purchases in order to arrive at GP for credit purchases=closing payables+ payment to payable credit sales=closing debtors+ receipts from debtors on commencement of business entry passed would be cash 90000 capital 90000 to arrive at cash closing balance add all receipts and subtract all payments from cash book balance will be 24000 hope this solves your query. do pray for me Last edited by Amna; Tuesday, December 16, 2014 at 01:28 AM. Reason: merged/chain posts |
The Following User Says Thank You to sfsk For This Useful Post: | ||
Fatima Saleem (Saturday, January 03, 2015) |
#3
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Quote:
Cash flow from operating activities PBIT = 3400 ADD Depreciation = 10,000 Machinery = 6,000 Goodwill = 2000 Interest paid = (720) Cash flow before working capital changes = 20680 Increase in Debtors = (8,000) Increase in stock = (400) Decrease in Liability = (3600) interest = 720 Cash flow from operation activities = 9400 Cash flow from investing activities purchase of assets = o/b 20,000 - Dep 10,000 c/f 16,000 = Addition=(6,000) purchase of machine = (12,000) cash flow from investing activities = (18,000) cash flow from financing activities issue of capital = 10,000 General reserve = 4,000 Debentures = (2,000) Cash flow from financing activities = 12,000 Cash in hand = 9,400+12,000-18,000= [3400] thus balance is this
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Rabbana zalamna anfusana wa in-lam taghfir lana wa-tarhamna la-naku-nanna mina-al-khasireen |
#4
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Quote:
Have you solved the tax portion ? if yes do help me in some matters
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Rabbana zalamna anfusana wa in-lam taghfir lana wa-tarhamna la-naku-nanna mina-al-khasireen |
#5
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yeah i am doing tax now a days sure you help me ill help you
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#6
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Saleemulhaq
I have posted the solution of 2014 paper
pl check it out |
#7
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tell me the book , notes and the format please ... !! share your email id
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Rabbana zalamna anfusana wa in-lam taghfir lana wa-tarhamna la-naku-nanna mina-al-khasireen |
#8
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book tax by muazzam mughal and income ordinance 2001 i have a soft copy
i did salary income first and then income from other sources, property and business id is sarafatima200atgmailcom |
The Following User Says Thank You to sfsk For This Useful Post: | ||
liberation (Monday, December 22, 2014) |
#9
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Quote:
Correct form will soon... |
#10
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Cash flow statement
1) Cash Flow From Operating Activities: Closing Balance as per Profit and Loss (2013) A/C...............................3400 Closing Balance as per Profit and Loss (2012) A/C...............................3000 .................................................. .................................................. ............400 (A) Add:Appropriation of funds: Transfer to Reserve 4000 Net profit before tax 4400 (B) Add:Non-Operating expenses Depreciation on Building ................................10000 Depreciation on Machinery ..............................6000 Amortization of Goodwill .................................2000 Interest on long-term borrowing (Debenture).......900 ........................................18900 (C) Operating Profit before working capital Change .................................23300 (D) Add: Decrease in C/A and increase C/L: NiL (E) Less: Increase in C/A and decrease C/L: Increase Stocks............................................ .400 Increase sundry Debtors ................................8000 Decrease sundry Creditors ..............................3600 (12000) Cash generated by operating activities 11300 2) Cash flow from investing activities: Purchase building................................... 6000 Purchase Machinery ..............................12000 Cash used in investing activities (18000) 3) Cash flow from financing activities: Proceed from issue of share capital 10000 Redemption of debenture (2000) Interest on debenture (900) Cash generated by financing Activities 7100 Net Cash increased during the year 400 Add:Cash at the beginning 3000 Cash at the End of the year 2013 3400 |
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