ILLUSTRATION 13 (Cash Flows from operating activities) Calculate Cash from Operating Activities from the following balances: Particulars 2009 2010 $ $ Goodwill 5,000 4,000 Debtors 50,000 40,000 Bills Receivable 10,000 12,500 Creditors 25,000 20,000 Outstanding Salaries 800 Bills Payable 40,000 25,000 Accrued Income 6,000 5,000 Provision for Doubtful Debts 1,000 1,500 Provision for Tax 5,000 8,000 Profit and Loss A/C 50,000 1.80,000 1,000