1. 

   howard Active Member

   Hi all
   In CT2-08 page 25, why is trade and other payables deducted from the operating profit for the purpose of the cash flow statement, rather than added on?
   Thanks

    

   howard, Feb 8, 2016

   #1
2. 

   Simon James ActEd Tutor Staff Member

   Hi. Note that the adjustment is for the change in trade payables etc.
   If trade payables have fallen then this is a net cash outflow and so this change is deducted.

    

   Simon James, Feb 11, 2016

   #2

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