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cash management exam level 4 please help

bettybetty Just JoinedRegistered Posts: 7
task 1 in sample assessment:
tax figure from SPL on 31.12.04 £21000
additional info: tax payable on SFP is expected to be £20000 on 01.01.04 and £22000 on 31.12.04

I need to find the figure for the closing CASH position (starting with operating profit and all the changes added or deducted)at 31.12.04-the answer given is £19000. Not sure why??
Please can someone help?

Comments

  • mcdmcd Just Joined Registered Posts: 9
    I got £19000:

    Tax figure from SPL £21000 + Tax payable on SFP £20000 = £41000 minus £22000 on 31.12.04

    Hope this helps
    Smiller94
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