Waec Model Questions Vol1 2021 Financial Accounting Question 28
Practice objective / multiple choice question 28 from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
The profit before tax of a company for the year was ₦150,000. Depreciation expense amounted to ₦20,000 and a loss on sale of equipment of ₦5,000 were recorded. During the year trade receivables fell from ₦40,000 to ₦30,000, inventory rose from ₦25,000 to ₦35,000, trade payables increased from ₦20,000 to ₦28,000 and prepaid expenses decreased from ₦5,000 to ₦3,000. Tax paid in cash was ₦30,000 and interest paid was ₦8,000. Using the indirect method, calculate the net cash inflow from operating activities.
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About This Question
This is Waec Model Questions Vol1 2021 Financial Accounting Question 28. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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