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Prepare cash flow statement for the following Balance sheet as on 31st March
| Liabilities | 2004 | 2005 | Assets | 2004 | 2005 |
|---|---|---|---|---|---|
| Share capital | 100000 | 110000 | Land and building | 60000 | 60000 |
| Profit and loss a/c Loans | 20000 | 23000 | Plant and machinery | 35000 | 45000 |
| Loans | - | 1000 | stock | 20000 | 25000 |
| Creditors | 15000 | 18000 | Debtors | 18000 | 28000 |
| Bills payable | 5000 | 4000 | Bills receivable | 2000 | 1000 |
| Cash | 5000 | 6000 | |||
| 140000 | 165000 | 5000 | 165000 |
SOLUTION
The solution is as follows −
| Inflow | Rs. | Outflow | Rs. |
|---|---|---|---|
| Balance b/d | 5000 | Purchase of plant | 10000 |
| Issued share capital | 10000 | Increase current Assets | |
| Loan | 10000 | Stock | |
| Cash opening profit | 3000 | Decrease in bills payable | 5000 |
| Decrease in bills | 1000 | Balance c/d | 10000 |
| Receivable | 3000 | 1000 | |
| Increase in creditors | 6000 | ||
| 32000 | 32000 |
Published on 11-Aug-2020 11:28:43
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