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ILLUSTRATION 15 (Treatment of Interest) Following are the extract from Balance Sheet of Rabeea Ltd 31.3.2009 31.3.2010 Liabilities 31.3.2009 31.3.2010 Assets $ $ $ $
ILLUSTRATION 15 (Treatment of Interest) Following are the extract from Balance Sheet of Rabeea Ltd 31.3.2009 31.3.2010 Liabilities 31.3.2009 31.3.2010 Assets $ $ $ $ Profit and Loss Account 70,000 1,20,000 12% Debentures 1,00,000 1,75,000 (Y Ltd.) Additional Information: 12% Debentures of Y Ltd. were purchased on 1.4.2009. Show the related items that will appear in the Cash Flow Statement
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