Tivity 2.1 (Individual work) Formal assessment
Copy the following table into your workbook and complete the last column
Is it an asset, liability, income, expenses
direct Owner's Equity account?
0.
Name of account
1 Fuel
Z Loan from a bank
3 Sales
4 Land and buildings
5
Interest on fixed deposit
b
Capital
7 Rent expense
8
Stationery
9 Interest on loan
1.10 Vehicles
1.11 Drawings
1.12 Trading
stock
1.13 Creditors
1.14 Salaries
1.15 Rent income
1.16 Equipment
17 Bank account
18 Current income
19 Debtors
1.20 Petty cash
1.21 Wages
1.22 Cash float
1.23 Bank overdraft
1.24 Packing material
25 Material
From the 25 accounts listed in question 1:
21 Tirtha non current assets

I think interest on fixed deposit

Operating activities: The inflows and outflows of the cash due to main business activities of the company are reported in the operating activities of the Cash flow statement.
The Cash flows from operating activities shall be net cash inflows received from the customers irrespective of actual amount of services provided.

The cash payment for supplies of material, payment of utilities expenses, payment of salaries and payment of rent are taken as outflows from operating activities.Calculate the cash flows generated from operating activities are as under:

Hence, the cash flows generated from operating activities is

$3,400