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Please answer it typed not handwritten Thanks 3. From the following summary of cash account of ABC Ltd., prepare cash flow statement for the year
Please answer it typed not handwritten
Thanks
3. From the following summary of cash account of ABC Ltd., prepare cash flow statement for the year ended 31st march 20019 in accordance with AS-3 using the direct method. The company does not have any cash equivalents. (10 Marks) SUMMARY (CASH ACCOUNT) 31.3.2019 To balance b/d 1.4.2016 600 By payment to suppliers 6000 To equity shares 3000 By purchase of fixed Assets 3000 28000 By Overhead Expenses 1000 To receipt from customers To sale of fixed assets 5000 By wages &salaries 2000 By taxation 3500 By dividends 600 By repayment of loan 7000 By balance c/d (31.8.2017) 13500 Total 36600 Total 36600Step by Step Solution
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