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10. The Balance Sheet of Smartkart Ltd, as at March 31st 2021 and 2022 are given follows : Additional information 1. Purchased a new fixed
10. The Balance Sheet of Smartkart Ltd, as at March 31st 2021 and 2022 are given follows : Additional information 1. Purchased a new fixed asset costing Rs. 2500; paid Rs. 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2022 was Rs. 150. 3. One fully depreciated asset of an original cost of Rs. 700 and no salvage value was abandoned. [Ans. Cash inflow from operating activities Rs. 900 ; Net increase in cash Rs. 200] [Hint: Tax paid Rs. 600, Dividend paid Rs. 400 [i.e. 2640 - 150-2090] 10. The Balance Sheet of Smartkart Ltd, as at March 31st 2021 and 2022 are given follows : Additional information 1. Purchased a new fixed asset costing Rs. 2500; paid Rs. 1300 cash and given short-term bills payable for the remainder. 2. Net loss for the year ending 31-3-2022 was Rs. 150. 3. One fully depreciated asset of an original cost of Rs. 700 and no salvage value was abandoned. [Ans. Cash inflow from operating activities Rs. 900 ; Net increase in cash Rs. 200] [Hint: Tax paid Rs. 600, Dividend paid Rs. 400 [i.e. 2640 - 150-2090]
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