An asset costing 40,000
₹
22. Arthur Ltd, reported a profit of? 90,000 for the year ended 31st March, 2020, after considering the following:
3,000
36
12,000
5,000
(a) Tax provided during the year
(b) Amortisation of goodwill
(c) Proht on sale of land
(d) Writing off preliminary expenses
2,00
(e) Machinery costing 40,000 (accumulated depreciation thereon
being ? 18,000) was sold during the year at a loss of 17,000.
Extract of its Balance Sheet in the beginning and at the end of the year is given below:
Particulars
1st April, 31st March,
2019)
2020)
Accounts Receivable
16,000
20,000
Stock
15,000
12,000
Cash at Bank
10,000
8,000
Accounts Payable
11,000
9,000
Expenses Payable
5,000
6,000
Provision for Taxation
6,000
4,000
Investments (Short-term)
2,000
5,000
Plant and Machinery (Net value)
1,30,000
94,000
Proposed Dividend
10,000
12,000
You are required to calculate Cash Flow from Operating Activities as per Accounting Standard-3 (Show
your workings clearly).
Answers
Answered by
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Answer:
i hope it helps
Explanation:
Dr.
Cr.
Receipts
Amount
(Rs)
Payments
Amount
(Rs)
Balance b/d
Investments Purchased
5,00,000
Cash in Hand
50,000
Rent Paid
50,000
Cash at Bank
3,40,000
3,90,000
General Expenses
2,30,000
Subscription Received
15,70,000
Postage and Stationery
25,000
Donation Received
2,80,000
Newspapers and Magazines
87,000
Sale of Old Newspapers
12,000
Books Purchased
3,40,000
Interest on Investments Received
50,000
Sports Material Purchased
4,70,000
Honorarium to Coacher
1,50,000
Balance c/d
Cash in Hand
30000
Cash at Bank (Balancing Figure)
4,20000
4,50,000
23,02,000
23,02,000
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