Financial Accounting and Analysis (MGT 2111 195 Sales 2076 40X30 50,000 6,000 12.000 8.000 34.000 150.000 Rs 50,000 25.000 24.000 Income Statement for the current year SUU L'ass: Cost of goods sold Opening inventory 30,000 Purchases 120.000 Less Closing inventory 75 000 75,000 Wages 45.000 120.000 Gross income Less Operating expenses Office expenses 45.000 Depreciation 30.000 Debenture Premium 4.500 Interest on debenture 7.500 Provision for tax 45.000 Provision for dividend 30.000 162.000 73000 Add: Gain on sale of plant 12.000 cost Rs 30.000 accumulated depreciation Rs 15.000) Interest on investment 15.000 Not income 45.000 Required: Cash flow statement (apply direct method, showing cash from a Operating activities b. Investing activities c Financing activities Anak 2.0 R 16000 Rs. 100.00 The balance sheets and income statements of a company Lid have been given below Balance Sheet Liabilities Year! Year Assets Yearl Year il Equity share capital 80.000 TOO,000 Land and building a Share premium 8.000 10.000 COS 40.000 50,000 Bank loan 20.000 plant and machinery Accounts payable 15.000 10.000 atost 50.000 70.000 Outstanding wages 5.000 6.000 Aoc depreciation (10.000 (16.000) Provision for action 8.000 10.000 Inventories 30.000 40.000 Profit and loss 14 000 24,000 Accounts receivable 20.000 15.000 Provision for doubts debes (4.000 (3.000) Cash at bank 4.000 24.000 130.000 180,000 130.000 180,000 Income Statement Particulars Rs Rs. Se 100 000 Les Cost of goods sold Purce 50,000 Add Beginning inventory 30,000 Less Ending vetery 40.000 40.000 Wages 12.000 Toul cost of goods sold 32.000 Gross margin Les Operating expenses 10.000 Interest on bens Duration on machinery 2.000 Provide for lation 10.000 Los tales of machine 8,000 con 10.000, ou cation 2000 4000 Total periode 34.000 14.000 Required: Santos casos 19 200 4.800 1.000 5.800 800 5.000 sting and R. 5 ml urrent TR0000 1000 242.000 7500 60.000 Net Income COACHA RACITA RA. 000 Sales Financial Accounting and Analysis (MGT 2111 195 Income Statement for the current year SOOTU00 Less: Cost of goods sold: Opening inventory 30.000 Purchases 120.000 Less Closing inventory 75.000) 75,000 Wages 45,000 120.000 Gross income TOUCO Less Operating expenses Office expenses 45,000 Depreciation 30,000 Debenture Premium 4.500 Interest on debenture 7,500 Provision for tax 45,000 Provision for dividend 30,000 162.000 167600 Add: Gain on sale of plant 12.000 (cost Rs30,000 accumulated depreciation Rs. 15.000) Interest on investment 15 000 Net income 75.000 Required: Cash flow statement (apply direct melhod) showing cash from a Operating activities b. Investing activities c. Financing activities Ans: (a) R 22.500 R 160.000 () Rs. 100.000 IL The balance sheets and income statements of a Company Lid. have been given below Balance Sheet Liabilities Year Yearl Assets Yearl Year Equity share capital 80.000 100,000 Land and building at 8.000 10,000 cost Share premum 40.000 50.000 Bank loan 20,000 plant and machinery Accounts payable 15.000 10,000 at cost 50.000 70.000 Outstanding wages 5.000 6,000 Acc depreciation (10,000) (16.000) Provision for taxation 8.000 10.000 Inventories 30,000 40,000 Profit and loss 14,000 24,000 Accounts receivable 20.000 15.000 Provision for doubtful debts (4.000) (3.000) Cash at bank 4.000 24,000 150.000 180,000 130.000 180,000 Income Stalement Particulars Rs. Rs. Sales 100 000 Less: Cost of goods sold Purchase 50,000 Add Beginning inventory 30.000 Less Ending inventory (40.000) 40,000 Wages 12.000 Tols cost of goods sold 52.000 Gross margin 48.000 Leis Operating expenses Interest on bankban 10.000 Depreciation on machinery 2.000 Provision for taxation 10.000 Loss sales of machine 8,000 Icost 10,000, aumulated depreciation Rs 4000 4,000 Total operating espes 34,000 Required: Statement d cash low 14,000 Wet income ANCHOA KAB. CIA R$8,000): CFFA RE 8.000
