hustration 4: ABC Ltd. made a profit of t 4,00,000 after considering the following t 4,000 $1,000 III 21,000 IV. Provision for Doubtful Debts 9,000 V. Gain on sale of Land 7,500 The following is the position of current assets and current liabilities L Preliminary Expenses Written off Depreciation on foxed assets Loss on sale of Machinery Debtors Bills Receivable Prepaid Expenses Creditors Bills Payable Outstanding Expenses Calculate Cash from Operating Activities. 2013 t 52,000 15,000 2,000 40,000 19,000 34,000 T 78,000 12,000 3,000 $1,000 12.000 20,000 269