The cash balance given in the answer does not match the one in the statement. Is this an error?
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Need help with no 19.7 pg 96 bpp
It does match!!
The cash balance in the Statement of Cash Flows is (58) and the cash balance on the Statement of Financial Position is an overdraft of 58 also.
i don't understand which "58" you are referring to but what i am asking is that in the format given there is a cash balance of 31 october 20x6 to be imputed( under the net increase in cash) and the answer according to me should have been 1063 as stated in the sofp of 20x6
and also cash balance at 31 october 20x7 should be 2045 as stated in the format. But the answers in the book were different i.e cash equivalents and cash at the beginning of the period of 634 and end of period of 815. i did got the net increase of 181 its just those two values that i need.
Sorry - I was looking at the question before by mistake.
However the answer to 19.7 is correct. You have forgotten the bank overdraft.
The net cash at the start of the year is 1063 - 429 = 634, and at the end of the year is 2045 - 1230 = 815.
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