Unit 1: May 2013, Question #3 (a)

Workings: 

The table below shows the calculation of income tax paid during 2010.

Alternatively a ledger account can be prepared to calculate the amount of income tax paid during the year: 

The table below shows the calculation of interest paid during 2010.

Alternatively a ledger account can be prepared to calculate the amount of interest paid during the year:

Now that all the workings are completed the Statement of Cash Flows for Fabric Smart Jamaica for the year ended 31st December, 2006 can be prepared.

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