. - current assets during the Note: The company never sold any tangible non- BINS Year REQUIRED: (a) Prepare, ABABABA Limited's Statement of Cashflows for the year ended 31M, F IAS 7( indirect ARN 2017 in accordance with requirements of IAS 7 (indirect method) (20 marks) ( Total = 20 marks ) \ QUESTION 2 (a) Explain the term * Financial Accounting” (2 marks) (b) Identify and brie!ly explain the key sta or Process (8 marks) (c) Identify any FIVE users of Accounting information and briefly explain their main interest in the Accounting information disclosed by Key Financial Statements prepared at the end of the Accounting year (reporting period) of a Business Entity (10 marks ) ( Total = 20 marks) ges in the Accounting Cycle QUESTION 3 The following balances were extracted from the books of G.BUPE .a sole trader dealing in assorted consumer goods . at 31March 2018: | Ko00 | Capital, 1/017 17 300000 Drawings - 38000 Heating and Lighting 12800 J | Discounts Allowed 960 Returns inwards 3720 Carriage inwards 3120 Discounts Received 2160 Carriage outwards 10920 | Printing and Stationery 51200 J