Question

4 Prepare Cash flow statement from the following information: Balance Sheet Liabilities 2018-19 Amounts 2019-20 Amounts Assets 2018-19 Amounts 2019-20 Amounts Creditors Loan from Bank Capital 40000 25000 40000 125000 230000 44000 - 50000 153000 247000 Cash Debtors Stock Machinery Land Building 10000 30000 35000 80000 40000 35000 230000 7000 50000 25000 55000 50000 60000 247000 During the year 2019-20, a Machine costing Rs 10000 (Accumulated Depreciation Rs 3000) was sold for Rs 5000. The provision for depreciation against Machinery in the year 2018-19 and 2019-20 was Rs 25000 and Rs 40000 respectively. Net Profit for the year 2019-20 amounted to Rs 45000.

Answer 1

Answer:

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