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Hi Sir
Thank you for the explanation.
BPP text do have the explanation.
However, the part which i do not understand is that the depreciation was being added back.
Below is the ans.
Profit for the year 1,175
Add back depreciation 100
1,275
Add: issue of shares 1,000
Less: repayment of loan notes (750)
Less: purchase of non current assets (200)
1,325
Less: increase in working capital (575)
Increase in bank balance 750
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