Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Old MathJax webview Both direct and indirect methods whole question is given.no need of income statement Following are the liabilities and assets of Amrapali Ltd.

Old MathJax webview

image text in transcribed

Both direct and indirect methods

whole question is given.no need of income statement

Following are the liabilities and assets of Amrapali Ltd. as on 31.03.2020 and 31.03.2021: 20 31-3-21 31-3-20 () 8,00,000 10,00,000 I. Equity and Liability: 1. Shareholders' Fund: (a) Equity share 10 each fully paid (b) Reserves and Surplus: Securities Premium General Reserve Profit and Loss balance 2. Non-Current Liabilities: Bank Loan 3. Current Liabilities: Trade Payable Provision for tax 1,00,000 3,60,000 2,20,000 1,20,000 4,40,000 2,96,000 4,20,000 4,60,000 1,66,000 2,00,000 22,66,000 2,16,000 2,10,000 Total 27.42.000 17,00,000 96,000 20,60,000 1,24,000 II. Assets: 1. Non-current Assets: (a) PPE: Tangible (b) Non-current Investment 2. Current Assets: Inventory Trade Receivables Cash & Cash equivalents 2,40,000 1,60,000 70,000 22,66,000 2,30,000 2,40,000 88,000 27,42,000 Total Additional information: (a) Dividend paid during the year * 75,000 (b) The company sold part of the fixed assets for 24,000 (WDV20,000). Depreciation charged on fixed assets during the year 1,40,000 (c) Interest on Bank Loan accrued and paid during the year 24,000 (d) Income tax provided during the year 1,98,000. You are required to prepare the cash flow statement of Amrapali Ltd. for the year ended 31-03-2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Joe Ben Hoyle, C.J. Skender, Joe Hoyle

1st Edition

0982361831, 978-0982361832

More Books

Students also viewed these Accounting questions

Question

=+What kind of question would you ask to encourage their response?

Answered: 1 week ago

Question

=+Does it keep the visitor reading?

Answered: 1 week ago