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Dear Sir, I have a question related to sample questions March/June 2017 which are at the ACCA website. I’m confused with task 31 a (ii) related to the calculation of overdraft as at the end of January.
It is calculated that overdraft decreased due to working capital movements by 5,410.
But net cash inflows (cash receipt from payment of receivables less payments for payables) for January is actually 108350+180000-130690 = 157660. Actual cash inflow is 157660, not 5410.Then
Ovedraft as at the beginning of January 240250
Net cash inflows (157660)
Interest peyments 70000
Operating cash outflows 146500
Overdraft as at the end of January 299090
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