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The following transactions occurred during the 2023 financial year:
1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment.
5. Arch Tech paid R9 600 in income taxes.6
. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method.
(1?
1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment.
5. Arch Tech paid R9 600 in income taxes.6
. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method.
(1?
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The following transactions occurred during the 2023 financial year: 1....
Operating Activities section of Arch Tech’s Statement of Cash Flows for the year ended 31 December 2023:
1. Cash received from customers:
- Sales on credit: R144,000
- Cash received from customers = R144,000 - R12,000 (operating expenses paid) = R132,000
2. Cash paid for operating expenses:
- Operating expenses paid: R12,000
3. Net cash provided by operating activities:
- Net cash provided by operating activities = Cash received from customers - Operating expenses paid = R132,000 - R12,000 = R120,000
Therefore, the Operating Activities section of Arch Tech’s Statement of Cash Flows for the year ended 31 December 2023, using the direct method, would show a net cash provided by operating activities of R120,000.
1. Cash received from customers:
- Sales on credit: R144,000
- Cash received from customers = R144,000 - R12,000 (operating expenses paid) = R132,000
2. Cash paid for operating expenses:
- Operating expenses paid: R12,000
3. Net cash provided by operating activities:
- Net cash provided by operating activities = Cash received from customers - Operating expenses paid = R132,000 - R12,000 = R120,000
Therefore, the Operating Activities section of Arch Tech’s Statement of Cash Flows for the year ended 31 December 2023, using the direct method, would show a net cash provided by operating activities of R120,000.
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The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1?
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The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1?.
The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1?.
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The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1?, a detailed solution for The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? has been provided alongside types of The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? theory, EduRev gives you an
ample number of questions to practice The following transactions occurred during the 2023 financial year: 1. Arch Tech sold goods worth R144 000 on credit.2. Arch Tech bought inventory worth R100 000 on credit.3. Arch Tech paid R12 000 for operating expenses.4. Arch Tech received dividends of R6 000 from its investment. 5. Arch Tech paid R9 600 in income taxes.6. Arch Tech paid R2 400 in interest expenses on the bank loan.REQUIRED:Prepare only the Operating Activities section of Arch Tech’s Statement of CashFlows for the year ended 31 December 2023 using the direct method. (1? tests, examples and also practice B Com tests.
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