Kljjl

Only available on StudyMode
  • Download(s) : 75
  • Published : January 10, 2013
Open Document
Text Preview

BSB110 ACCOUNTING

TOPIC 13

REVISION LECTURE

SAMPLE FINAL EXAM PAPER

2 HOURS FOR WORKING
10 minutes for PERUSAL

ALL QUESTIONS ARE TO BE ANSWERED
ON THIS EXAM PAPER

MARKS FOR EACH QUESTION ARE INDICATED

DO NOT REMOVE OR TEAR ANY PAGES FROM THIS BOOK.

WRITE YOUR ANSWER TO EACH QUESTION ONLY IN THE SPACE PROVIDED.

QUESTION 1

(a) ‘Cash flows, cash flow from operations, operating profit - what is the difference?’ Explain in point form, the difference between these three items. (6 marks)

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

________________________________________________________________________

(b) The following information has been extracted from the books of Thomas Enterprises for the year ended 30 June 2007: |Details of cash account: | | |Cash balance at start of year |29000 | |Cash balance at end of year--overdraft |9000 | |Cash receipts during year | | |Accounts receivable |341500 | |Revenue |50000 | |Capital contributed |4000 | |Cash payments during year | | |Accounts payable |185000 | |Wages |40000 | |Cash expenses |38000 | |Owners drawings |50500 | |Payment of mortgage |20000 | |Payment for office equipment |22500 | |Payment for land |77500 |

Required:
Prepare a cash flow statement for the year ended 30 June 2007 for Thomas Enterprises in accordance with the Australian Accounting Standard. (11 Marks) CASH FLOW STATEMENT FOR YEAR ENDED 30 JUNE 2007

|...
tracking img