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Prepare cash flow statement. I want correct answer!! 8.84 Q. 6. The Balance Sheet and Statement of Profit & Loss of S K Ltd. are
Prepare cash flow statement.
I want correct answer!!
8.84 Q. 6. The Balance Sheet and Statement of Profit & Loss of S K Ltd. are given below: BALANCE SHEET as at 31st March Particuliers 2012 2013 in lacs) in laes) 1,000 360 1. EQUITY AND LIABILITIES: Share Capital General Reserve Securities Premium Surplus Debentures Trade Payables Income Tax Payable Other Current Liabilities 1,500 420 30 400 270 250 300 400 200 40 250 50 230 2,500 3,200 TOTAL 1,550 II. ASSETS: Plant and Machinery Accumulated Depreciation 1,800 (300) (230) Investments (Long-Terin) Inventory Trade Receivables Cash at Bank 1,320 315 700 150 15 1,500 440 1,140 80 40 TOTAL 2,500 3,200 Statement of Profit & Loss for the year ended 31.3.2013 Particulars Sales Cost of goods sold in laes) 1,480 (830) Operating Expenses including depreciation 650 (300) 350 Interest on Debentures Devidend Received Gain on sale of investments Loss on sale of machinery Profit before tax Provision for tax Profit after tax (60) 173 15 (8) 120 470 (110) 360 Additional Information : (i) The company paid dividend during the year. (ii) A machine costing 580 Lacs, accumulated depreciation 350 lacs, was sold during the year. (iii) The books value of investments sold during the year was 343 lacsStep by Step Solution
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