Question
6 5 3 Balance sheet of Shinde & Co is given as on 31st march, 2005 and 31st march, 2006 1 2 LIABILITIES 4 Share
6 5 3 Balance sheet of Shinde & Co is given as on 31st march, 2005 and 31st march, 2006 1 2 LIABILITIES 4 Share Capital 5 7 Capital Reserve 2005 (Rs.in 2006 (Rs.in 000) 0001 ASSETS 2005 2006 (Rs.in (Rs.in 000) 000) Fixed Assets AT Cost 1000 1320 3240 3960 Less: Depreciation 1104 1392 48 8 2136 2568 9 General Reserve 216 960 10 Investments 480 384 Profit and Loss Account 288 360 11 12 Cash 210 312 13 Long Term Bonds 960 672 14 Other Current 15 Assets 790 1320 16 17 Current Liabilities 576 624 18 Proposed Dividends 144 174 19 20 21 Provision for Tax 432 408 22 23 Unnaid Dividend 18 25 26 27 ADDITIONAL INFORMATION: 3616 4584 3616 4584 1. During the year 2005-2006, Fixed Assets with a book value of Rs.2,40,000 (accumulated depreciation Rs.84,000) was sold for Rs. 1,20,000 2. Provide Rs. 4,20,000 as depreciation 3. Some portion of Investments sold at a profit of Rs.48,000 and this profit was credited to Capital 28 Reserve. 29 30 4. It was decided to write of Fixed Assets costing Rs.60,000/- on which depreciation amounting to Rs.48,000/- has been provided. 5. Paid interest on long term Bonds Rs 40,000. You are required to a prepare a Cash Flow statement for the year ending 31st March, 2006 31 32 33 34 35 36 37 38
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started