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Prepare statement of cash flow using indirect method. The Board of Directors of Complex Limited was not able to comprehend why the company was having
Prepare statement of cash flow using indirect method.
The Board of Directors of Complex Limited was not able to comprehend why the company was having a way low cash balance. The profits of the company were going up and in the year ending 30h June 2006, the,amount of profit was Rs. 90,000. This was highest amount, as compared to the corresponding figures of the last three years. You as the company secretary advised by the Board to present the statement of cash flow in the next meeting of the Board. on # 2: Extract from the book of Complex Limited (in 000's) Statement of Financial Position as on 30 June, 2006 30-06-05 30-06-06 Rs. '000, Rs. 000, 1,125.00 2,047.00 337.50 900.00 112.50 450.00 45.00 90.00 Liabilities Issued & paid up capital 30-06-05 30-06-06 Rs. 000' Rs. 000' Assets 1,575.00 1,575.00 Long term asset d profit 57.50 225.00 Stock in trade Mortgage loan Tax provision Creditors 22.50 315.00 877.50 Cash 900.00 Debtors 67.50 Prepayments 207000 3.645.00 Step by Step Solution
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