PRACTICE SUMS

Problem $1$: Prepare Cash Flow Statement:

Additional Information:

$[$i$]$ Income tax provided and paid during the year was Rs$\mathrm{.}7,000$

$[$ii$]$ Depreciation Rs$.30,000$ was charged to P& L account

$($III$)$Redemption done at the beginning of the year

Prepare Cash Flow Statement & Profit and Loss Adjustment account for the year

ended ${31}^{st}$ March, $2017$

Answer: Cash Flow from Operating Activities: $1,92,000,$ Cash Flow from Investing

Activities: $(2,30,000),$ Cash Flow from Financing Activities: $(46,000),$Net Cash Flow $($

$A+B+C$