From the following Summary Cash Account of X Ltd. prepare Cash Flow Statement for the year ended 31st March, 2006 in accordance with AS 3 (Revised) using the direct method. The company does not have any cash equivalents

Summary Cash Account for the year ended 31.3.2006 Rs. %u2019000 Balance on 1.4.2005 50

Payment to Suppliers 2,000 Issue of Equity Shares 300

Purchase of Fixed Assets 200 Receipts from Customers 2,800

Overhead expense 200 Sale of Fixed Assets 100

Wages and Salaries 100 Taxation 250 Dividend 50 Repayment of Bank Loan 300 Balance on 31.3.2006 150