Prepare a Funds Flow Statement from the following data: 31.12.2007 31.12.2008 Rs. Rs. Cash 2,000 2,500 Accounts
Question:
Prepare a Funds Flow Statement from the following data:
31.12.2007 31.12.2008 Rs. Rs.
Cash 2,000 2,500 Accounts Receivable 2,400 2,700 Inventories 3,100 3,200 Other Assets 800 700 Fixed Assets 5,000 5,800 Accumulated Depreciation 2,100 2,500 Accounts Payable 2,000 2,100 Long-term Debt 1,400 1,300 Equity Capital 5,000 5,300 Retained Earnings 2,800 3,700
(a) Fixed Assets costing Rs. 1,200 were purchased for cash.
(b) Fixed Assets (original cost Rs. 400, accumulated depreciation Rs. 150) were sold for Rs. 200.
(c) Depreciation for the year 2008 amounted to Rs. 550 and duly debited to Profit and Loss Account.
(d) Dividend paid amounted to Rs. 300 in 2008.
(e) Reported income for 2008 was Rs. 1,200.
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Zero To Mastery In Accounting Become A High Level Accounting Manager
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1st Edition
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