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The cash balance given in the answer does not match the one in the statement. Is this an error?
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 20×6 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 20×6
and also cash balance at 31 october 20×7 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.
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