Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Only Do Financing Activity......... And please provide an appropriate answer otherwise I give you unlike.... From the following Balance Sheets and information, prepare Cash Flow

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Only Do Financing Activity......... And please provide an appropriate answer otherwise I give you unlike....

From the following Balance Sheets and information, prepare Cash Flow Statement of Rvan Ltd. bv Indirect methnd for tha /ar andad 21 et A1nmh inva. Notes to accounts Additional Information: (i) A piece of land has been sold out for 1,50,000 (Cost 1,20,000 ) and the balance land was revalued. Capital Reserve consisted of profit on revaluation of land. Additional Information: (i) A piece of land has been sold out for 1,50,000 (Cost - 1,20,000) and the balance land was revalued. Capital Reserve consisted of profit on revaluation of land. (ii) On 1st April, 200 a plant was sold for 90,000 (Original Cost - 70,000 and W.D.V. - 50,000 ) and Debentures worth 1 lakh were issued at par as part consideration for plant of 4.5 lakhs acquired. (c) The Institute of Chartered Accountants of India 4.122 ACCOUNTING (iii) Part of the investments (Cost - 50,000) was sold for 70,000. (iv) Pre-acquisition dividend received 5,000 was adjusted against cost of investment. (v) Interim dividend was declared and paid @ 15% during the current year. (c) The Institute of Chartered Accountants of India 4.122 ACCOUNTING (iii) Part of the investments (Cost - 50,000) was sold for 70,000. (iv) Pre-acquisition dividend received 5,000 was adjusted against cost of investment. (v) Interim dividend was declared and paid @ 15\% during the current year. (vi) Income-tax liability for the current year was estimated at 1,35,000. (vii) Depreciation @ 15\% has been charged on Plant and Machinery but no depreciation has been charged on Building

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago