Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Only attempt if you are confident to provide correct answer!! Please provide me clean and correct Answers! Q 4) Given below is the comparative

Please Only attempt if you are confident to provide correct answer!!

image text in transcribed

image text in transcribed

Please provide me clean and correct Answers!

Q 4) Given below is the comparative Balance Sheet of X Ltd.: (5 marks) Liabilities Share capital Security premium P&L A/C Revaluation Reserve 12% Debentures Creditors Bills payable 2016 2017 32,00,000 45,00,000 2,50,000 4,80,000 2,40,000 3,50,000 2,80,000 8,50,000 4,50,000 3,20,000 4,90,000 5,50,000 4,05,000 Assets 2016 2017 Goodwill 1,58,000 4,70,000 Building 17,70,000 11,00,000 Land 9,20,000 12,00,000 Plant &Machine 12,00,000 24,90,000 Debtors 12,50,000 15,40,000 Bills receivables 7,00,000 11,80,000 Preliminary 60,000 40,000 expense Cash 1,00,000 60,000 Outstanding salaries 2,68,000 1,85,000 Proposed dividend 3,30,000 5,50,000 Provision for tax 1,50,000 3,90,000 Total 61,58,000 80,80,000 Total 61,58,000 80,80,000 Additional information: . Tax paid for the year 2016-17 is Rs 2,20,000. Depreciation: Plant & Machine: 15%. Building: 10% Building worth Rs 12,00,000 has been sold for Rs 10,00,000 on 01/04/2016. Plant & Machine has been purchased and part payment is done by issuing equity shares of Rs 8,00,000 at 25% premium and rest of the consideration is paid in cash. New share capital has been issued at premium. Interest on debentures has been paid. Debentures have been redeemed on 31/03/2017. Dividends have been paid. Prepare cash flow statement for X Ltd. for the year 2016-17. ACVEZE W

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th edition

978-0133428858, 133428850, 133428702, 978-0133428704

More Books

Students also viewed these Accounting questions