P.5.1 Answer the following: (a) A company sold building for cash at 2100 lakh. The profit and loss account has shown 40 lakh profit on sale of building. How will you report it in cash flow statement (based on AS-3)? (b) From the following information, determine cash received from debtors during current year: Debtors in the beginning of current year 2100 lakh Total sales 2,000 Cash sales 500 Debtors at the end of current year 300 y4 90 40 (c) Determine cash paid to suppliers/creditors from the following data during current year: Cost of goods sold 2480 lakh Opening stock 30 Closing stock 50 Creditors at the beginning of year 60 Creditors at the end of the year Cash purchases (d) From the following (1) determine the gross amount of plant and machinery purchased and (ii) depreciation charged during the current year. Plant assets (net of depreciation) at year-end 285 lakh and at the year-beginning 2127 lakh. Gross plant assets increased by 2186 lakh even through machine costing initially 258 lakh with book value of 38 lakh was sold at loss of 25 lakh. (e) Account balances relating to equipment during 2012-13 are as follows: Particulars April 1, 2012 March 31, 2013 Equipment 2,00,000 24,00,000 Less: Accumulated depreciation 50,000 70,000 Equipment with an original cost of 40,000, having an accumulated depreciation of 20,000, were sold at a gain of 15,000. Determine: (1) Cash provided by the sale of equipment; (ii) Cash used to acquire equipment; (iii) Depreciation expense on equipment during 2012-13 (1) Would your answer for (e) (i), (ii) and (ii) be different if the equipment were sold at a loss of 35,000