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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
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 31-03-2021Step by Step Solution
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