Q.1 From the following summary of Cash Account of X Ltd., Calculate cash from Investing and Financing Activities for the year ended 31st March 2007 in accordance with IAS-7 using the direct method. The company does not have any cash equivalents. SUMMARY (CASH ACCOUNT) 31.3.2007 To Balance b/d To Equity Shares To Receipt from Customers To Sale of Fixed Assets 50 By Payment to Suppliers 300 By Purchase of Fixed Assets 2,800 By Overhead Expenses 100 By Wages & Salaries By Taxation By Dividends By Repayment of Loan By Balance c/d 3.250 2,000 200 200 100 250 50 300 150 3.250