Question

The following information is available from the books of Exclusive Ltd. for the year ended 31st March, 2016, Prepare a cash flow statement .a) Cash sales for the year were Rs.10,00,000 and sales on account Rs.12,00,000.b) Payments on accounts payable for inventory totalled Rs.7,80,000.c) Collection against accounts receivable were Rs.7,60,000d) Rent paid in cash Rs.2,20,000, outstanding rent being Rs.20,000.e) 4,00,000 Equity shares of Rs.10 par value were issued for Rs.48,00,000.f) Equipment was purchased for cash Rs.16,80,000.g) Dividend amounting to Rs.10,00,000 was declared, but yet to be paid.h) Rs.4,00,000 of dividends declared in the previous year were paid.i) An equipment having a book value of Rs.1,60,000 was sold for Rs.2,40,000.j) The cash account was increased by Rs.37,20,000.​

Answer 1

Answer:

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