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Grade 12 Accounting Test on Cash Flow and Interpretation

Grade 12 Accounting Test on Cash Flow and Interpretation This is for the Accounting Grade 12 course. The study content for the Grade 12 Accounting Test on Cash Flow and Interpretation will assist you with your Accounting Subject Revisions, Tests, Exams, and Assignments.

Accounting Grade 12 focuses on performance measurement as well as the processing and communication of financial information concerning economic sectors. This discipline ensures that ethical behavior, openness, and accountability are followed. As a Grade 12 Accounting student, you will be responsible for the logical, systematic, and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation, and communication of financial statements and managerial reports to interested parties.

You are provided with extracts from the financial records of Amathole Ltd. 

• Calculate the total dividends paid that will be reflected on the Cash Flow Statement on 30 June 2019.
• Calculate the balance on the SARS (Income Tax) account on 1 July 2018.
• Movements in fixed assets:
  • Calculate the amount of cash received for the equipment sold during the year.
  • Calculate the cost of the new assets purchased during the financial year.

• Complete the “Cash flow from Financing Activities” section of the Cash Flow Statement on 30 June 2019.

• Calculate the closing balance of Retained Income on 30 June 2019.
• On the AGM of Amathole Ltd. there was interest shown in purchasing additional machinery and equipment.  The company will have to obtain a loan of R2 million at an interest rate of 14%.
  • Calculate the Return on total capital employed (ROTCE).
  • Show how the proposed additional loan will impact on the debt/equity ratio. Provide a calculation.

Download Grade 12 Accounting Test on Cash Flow and Interpretation

Answer books, sheets, and memos:

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