Cash Versus Profit

Which of the following is a Cash inflow but not a Revenue

• Cash Sales

• Credit Sales

• Capital Contribution

• Purchase of a Non Current Asset

Which of the following items would decrease profit but not impact cash

• Wages

• Rent

• Advertising

• Supplies used

The business has generated a Net Profit but suffered a cash deficit. Which reason does not support this

• Credit Fees < Receipts from Accounts Receivable

• Materials Used<Purchases for Materials

• Receipts from Accounts Receivable < Credit Fees

• Capital Contribution

(NCFOA) and a NP - which item does not support this

• Credit Fees < Receipts from Accounts Receivable

• Expenses Incurred > Expenses Paid

• Materials Used< Purchases of materials

• GST Paid > GST Received

Which example is a NCFOA but not an expense or revenue

• Purchase of a Computer

• Drawings of Cash

• Sale of Computer

• None of the Above

Which of the following items would not appear under Financing Activities

• Loan repayment

• Drawings of materials

• Capital

• Loan received

Which of the following would not be reported under Investing Activities

• Purchase of a Van

• Sale of a Van

• GST paid on the Van

• Non of the above

An example of an item that increases cash but is not a revenue would be

• Cash Fees

• GST Paid

• Capital

• Credit fees

Which of the following items would not be reported under Operating Activities

• Accounts Receivable

• Accounts Payable

• Materials used

• Purchase of materials

Net Cash Flows from Investing Activities is best defined as

• Cash flows resulting from the purchase and sale of NCA

• Cash flows resulting from changes in the firms financial structure

• Cash inflows less cash outflows from changes in the firms financial structure

• Cash inflows less cash outflows from the purchase and sale of NCA