Extracts from Jamal's statements of financial position at 30 June 20X4 and 20X3 show the following: Which one of the following statements is correct?
During the financial year ended 30 June 20X4:
A) There was a cash outflow in respect of trade receivables, and there were cash inflows in respect of trade payables and inventory.
B) There were cash outflows in respect of trade receivables and trade payables, and there was a cash inflow in respect of inventory.
C) There were cash inflows in respect of trade receivables and trade payables, and a cash outflow in respect of inventory.
D) There was a cash inflow in respect of trade receivables, and there were cash outflows in respect of inventory and trade payables.
Correct Answer:
Verified
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