# Accounting Paper 1, November 2024, question 2.2(b)

> Calculate the amounts that Mvubu Ltd must show in the financing activities... Marked mark by mark. Q2.2(b), Accounting Paper 1 November 2024, 9 marks.

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Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q2.2(b). Marks: 9. Not yet checked by a teacher.

## Question 2.2(b) (9 marks)

Mvubu Ltd, financial year ended 28 February 2025.
Ordinary share capital on 1 March 2024: R12 500 000 (1 250 000 shares).
On 1 August 2024, 250 000 new shares were issued at R12 each.
On 30 November 2024, 20 000 shares were bought back at R2,40 above the average price at which the shares in issue on 1 March 2024 were issued.
Loan: balance on 1 March 2024 was R2 400 000 and on 28 February 2025 it was R2 050 000. Interest of R120 000 was added to the loan during the year. No cash was paid for this interest.
Net change in cash and cash equivalents for the year: R214 000 inflow.
Cash and cash equivalents on 1 March 2024: bank overdraft of R60 000.

Calculate the amounts that Mvubu Ltd must show in the financing activities section of its Cash Flow Statement. Then calculate its cash and cash equivalents at the end of the year.

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[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q2-2-b/) and see it marked mark by mark, with the reason for every lost mark.

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