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3 problems Prepare cash from operation From the information is available from the books of Standard company ltd Particulars 2013-14 2014-15 Profits made during the

3 problems Prepare cash from operation

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From the information is available from the books of Standard company ltd Particulars 2013-14 2014-15 Profits made during the year 250,000 ------------ Income received in advance 500 600 Prepaid Expenses 1600 1400 Debtors 80,000 95,000 Bills Receivables 25,000 20,000 Creditors 45,000 40,000 Bills payable 13,000 15,000 Outstanding expenses 2500 2000 Accrued Income 1500 1200 Calculate cash flow from operations. Sum: From the following, find out cash from operations: Particulars Rs Particulars Rs To Salaries 2500 By Gross Profit 12,500 To Rent 500 By Prot on sale of land 2,500 To depreciation 1,000 By Income tax refund 1,500 To Loss on sale of Plant 500 To Goodwill written off 2,000 To Proposed Dividend 2,500 To Provision for Taxation 2,500 To Net Profit 5,000 16,500 15,500 From the following comparative Balance sheet, Prepare cash flowr statement Ba lance sheet Liabilities 2011 2012 Assets 2011 2012 Equity Share ca pital 50,000 60,000 Cash 3,000 5,000 Sundry Creditors 10,000 22,000 Bank 8,000 14,000 Bills Payable 8,000 5,000 Sundry Debtors 9,000 12,000 General Reserve 6,000 10,000 Land 10,000 16,000 Profit& loss 40,000 55,000 Buildings 50,000 70,000 Appropriation a/c Machinery 34,000 35,000 114,000 1,52,000 114,000 1,52,000

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