Freddie has not kept full accounting records during the current financial year. He had opening inventory of $15,000 and purchased goods for resale costing $82,000 during the year. At the year end he had $12,000 of these goods left in inventory.

Goods are sold at a mark-up on cost of 25%.


What is Freddie's sales revenue for the financial year?

The following figures relate to Banyan Co for the year ended 31 March 20X9:




$


Interest receivable at 1 April 20X8



11,120


Interest receivable at 31 March 20X9


16,180


Interest income in statement of profit or loss


28,140



What amount should be shown in Banyan Co's statement of cash flows for interest received?

What do YOU think ?
While we're happy to HELP we wont do all the work for you.
Show us what you have done and where you are having problems..