Ask Experts Questions for FREE Help !
Ask
    buttercup56's Avatar
    buttercup56 Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 9, 2017, 01:11 AM
    Statement of cash flows not balancing
    I have done the balance sheet for November and December and both of those balance. The statement of cash flows however is 2500 off and I don't know why. I've rearranged numbers just to see if that was the problem but no luck. Could the balance sheet be wrong even though it balances?
    Attached Images
  1. File Type: pdf financial.pdf (44.7 KB, 64 views)
  2. paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Dec 10, 2017, 05:45 AM
    I had a look at your very detailed financial statements. One error in principle is that depreciation has no part in a cash flow statement. There may be other non cash items such as an unrealised loss. I suggest you look more closely at your work

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Simple Statement of cash flows, income statement, balance sheet [ 0 Answers ]

June cost of goods sold is $11,750 Ending inventory on June 30 is $7,350 There is a $4,200 beginning balance in the Accounts Payable account on June 1 Suppliers were paid $13,500 during the month of June Wilson earned $15,700 of revenue and sales of the fertilizer bags. $5,500 of the revenue...

Statement of Cash Flows [ 1 Answers ]

If the adjusted trial balance includes Cash = $1,000; Accounts receivable = $9,400; Allowance for Doubtful Accounts = $600; Trading Securities = $5,000; and Cash Equivalents = $7,000, the total current asset on the balance sheet will be $21,800. True or False? Thanks!

Cash Flows Statement not Balancing! [ 1 Answers ]

Here is the balance sheet accounts for abc company: December 31 2009 December 31 2008 Assets: Cash 46000 51000 A/R 75000 ...

What is the correct financial statement-statement of cash flows wording? [ 2 Answers ]

Cash (used) in operating activities <10,000> Cash (used) in investing activities 10,000 Thank you for any help you can provide.


View more questions Search