2. From the statement of cash flows, name the journal(s) or journal summaries in

Question

2. From the statement of cash flows, name the journal(s) or journal summaries in which you would expect to find the following transactions recorded: (12 marks) a. Receipts from customers b. Payments to suppliers and employees c. Dividends paid to members of the parent entity d. Payments for property, plant and equipment . From the financial statements and notes in relation to revenues and expenses, name the journal (s) or journal summaries in which you would expect to find the following transactions recorded: a. b. C. d. cost of sales expense sales and marketing expense other income occupancy expense

Explanation / Answer

As per Cash flow statement

a. Receipts from customers will be shown in cash flows from operations

b. Payment to supplier and employees also appeares in cash flows from operations

c. Dividend paid to members will be shown in cash flows from finanance

d. Payment for property, plant and equipment will be in cash flows from investment

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.