Grade 11, term 4, test 2

Question 1

Write intermittent headings

Answer 1

Cash flows from operating activities
Net cash provided from operating activities
Cash flows from investing activities
Net cash provided from investing activities
Cash flows from financing activities
Net cash provided from financing activities
Net increase/decrease in cash held
Add opening cash balance held (less overdraft)
Cash balance at the end of the period

Question 2

Inflows from operating activities

Answer 2

Receipts from customers
Interest and dividends received
Other revenue received

Question 3

Outflows from operating activities

Answer 3

Payments to suppliers
Payments to employees
Interest paid
Payments of expenses

Question 4

Inflows from investing activities

Answer 4

Proceeds from sale of non-current assets (if non-current assets go down)

Question 5

Outflows from investing activities

Answer 5

Purchase of non-current assets (if non-current assets go up or loans TO)

Question 6

Inflows from financing activities

Answer 6

Proceeds from loans (loans from or mortgage goes up)
Capital contribution (additional capital)

Question 7

Outflows from financing activities

Answer 7

Payment of drawings

Payment of loans (if mortgage goes down)

Question 8

Accounts receivable - general ledger

Answer 8

Balance
Sales
Sales returns
Bad debts
Bank

Question 9

Accounts payable - general ledger

Answer 9

Balance
Inventory control
Bank