From the following Balance Sheet of R S Enterprise Ltd., prepare Cash Flow Statement as per AS----3
Question:
From the following Balance Sheet of R S Enterprise Ltd., prepare Cash Flow Statement as per AS----3 and comment on it.
Other information available on 31.3.2016:
(i) An old furniture (valued at ₹ 14,000 after 30% depreciation) sold for ₹ 12,000. Accumulated depreciation on fixed assets as on 31.3.2015 and 31.3.2016 were ₹ 1,80,000 and ₹ 2,10,000.
(ii) Land and Building and Stock of another firm of ₹ 5,30,000 and ₹ 60,000 respectively were purchased for a consideration of ₹ 6,00,000 paid for in shares.
(iii) Tax liabilities provided for 2015 was 20% lower than final settlement.
(iv) Debentures were issued at 10% discount and interest on bank overdraft and dividend on investment were ₹ 2,400 and ₹ 5,600 respectively.
Step by Step Answer:
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee