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January 29, 2016 at 2:52 am
Hi, please why did you leave out overdraft of in the calculation of cash and cash equivalent? Am confused about it.
January 29, 2016 at 6:02 am
I can’t believe that I have missed it out! Please check and confirm whether I DID or I DIDN’T include the overdraft – it will save me a job of looking it up if you will check it for me – thanks
January 31, 2016 at 1:24 pm
Hi Mike, Thank you so much for the lectures, just a little confused on the end part, maybe I am missing something.
In the solution in the actual written notes the net decrease for the Year is -92 and end of year is -11 ,as opposed to -32 and 49 in the lecture .
In the lecture Receivables are 32K and in the written notes they are 92 k which covers the 60K difference.
As the Overdraft is also 60K , I just want to clarify that the overdraft treatment is only to be looked at in the net increase/decrease in cash and cash equivalents and nowhere else on a cash flow?
September 30, 2015 at 5:10 am
How you got (32)
at the last of question 6?
September 30, 2015 at 9:16 am
From the statements of financial position, we have brought forward and carry forward cash + bank positions (don’t miss the overdraft, nor any cash equivalents in the notes to the question)
Check it out and let me know if you still have a problem
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