Nola Limited draws up its statement of cash flows using the direct method. The company presents the following balances in its financial statements for the years ended 31 May 2019 and 31 May 2018:
$\begin{array}{lrr}
& 2019 & 2018 \
& £ & £ \
\text { Depreciation for the year } & 38,415 & 33,655 \
\text { Accruals at the year end } & 10,135 & 9,429 \
\text { Total statement of profit or loss expenses } & 125,693 & 108,342 \
\text { for the year } & 7,655 & 8,480 \
\text { Prepayments at the year end } & 4,200 & 3,100
\end{array}$ Based on these figures, what was the cash paid for expenses in the financial year ended 31 May 2019?
A) £81, 547
B) £84,609
C) £84,647
D) £89,947

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The Answer of Nola Limited draws up its statement of cash flows using the direct method. The company presents the following balances in its financial statements for the years ended 31 May 2019 and 31 May 2018:
$\begin{array}{lrr}
& 2019 & 2018 \
& £ & £ \
\text { Depreciation for the year } & 38,415 & 33,655 \
\text { Accruals at the year end } & 10,135 & 9,429 \
\text { Total statement of profit or loss expenses } & 125,693 & 108,342 \
\text { for the year } & 7,655 & 8,480 \
\text { Prepayments at the year end } & 4,200 & 3,100
\end{array}$ Based on these figures, what was the cash paid for expenses in the financial year ended 31 May 2019?
A) £81, 547
B) £84,609
C) £84,647
D) £89,947

Nola Limited Draws Up Its Statement of Cash Flows Using