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Hello
I have a query on cash flow statement
Accrual interest on 01/01/2013 is £1000.00
Cash payment interest during the year (2013) is £3000.00
Accrual interest on 31/12/2013 is £500.00
Interest payment on the income statement is £2500.00 (3000 -1000 +500)
How much is the interest payment on cash flow statement?
Could you please help?
thanks in advance!
Hi @c.pillai
You should reflect cash receipts and payments on the cash flow statement. During 2013 company paid 3000.00. This figure should be on the statement.The interest paid on the cash flow statement is the actual cash paid during the year, which in your example is $3,000.
(You have typed £’s, but of course the exam will all be $’s 🙂 )
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