dfs cashflow
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Help anyone done the specimen paper about cashflow?
Just wondering where they got the figure for net increase/decrease in cash and cash equivalents the figure they give in the answer is 1076 did they use the bank overdraft figure? grateful for any advice
Just wondering where they got the figure for net increase/decrease in cash and cash equivalents the figure they give in the answer is 1076 did they use the bank overdraft figure? grateful for any advice
0
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Re:dfs cashflow
Yes they have. The cash balance was +£392 in the previous year. The current year shows an overdrawn balance of -£684 so they have used all the +£392 plus another £684 resulting in a decrease in the cash balance of (392 + 684) £1,076.
Kind regards
Steve0