Rita Anima
Jun 12, 2012, 05:48 AM
From the following balance sheet make out cash flow statement as per as on 31st march 2011.
Liabilities Assets
Equity share capital 20,000 20,000 cash 8,000 10,000
P/C 50,000 90,000 Bank 22,000 20,000
Bank loan 10,000 - Debtor 10,000 20,000
Creditors 15,000 20,000 Stock 25,000 15,000
O/S Exp 5,000 1,000 Fixed assets 2,35,000 2,75,000
Provision for taxation20,000 25,000
Unclaimed dividend 4,000
3,00,000 3,40,000 5,00,000 3,40,000
Net profit for the year after providing Rs. 20,000 for Dep. Was Rs. 60,000. During te yr. company declared equity dividend@10% and paid Rs. 15,000 as income tax.
Liabilities Assets
Equity share capital 20,000 20,000 cash 8,000 10,000
P/C 50,000 90,000 Bank 22,000 20,000
Bank loan 10,000 - Debtor 10,000 20,000
Creditors 15,000 20,000 Stock 25,000 15,000
O/S Exp 5,000 1,000 Fixed assets 2,35,000 2,75,000
Provision for taxation20,000 25,000
Unclaimed dividend 4,000
3,00,000 3,40,000 5,00,000 3,40,000
Net profit for the year after providing Rs. 20,000 for Dep. Was Rs. 60,000. During te yr. company declared equity dividend@10% and paid Rs. 15,000 as income tax.