Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

small question Prepare Cash Flow Statement of Light Ltd. for the year ended 31 March, 2020, in accordance with AS 3 (Revised) from the following

small question image text in transcribed

Prepare Cash Flow Statement of Light Ltd. for the year ended 31 March, 2020, in accordance with AS 3 (Revised) from the following Summary Cash Account: Summary Cash Account in '000 in '000 Balance as on 01.04.2019 315 Receipts from Customers 24,894 Sale of Investments (Cost 1,35,000) 153 Issue of Shares 2,700 Sale of Fixed Assets 1,152 29,214 Payment to Suppliers 18,306 Purchase of Investments 117 Purchase of Fixed Assets 2,070 Wages & Salaries Selling & Administration Expenses 1,035 Payment of Income Tax 2,187 Payment of Dividends 720 Repayment of Bank Loan 2,250 Interest paid on Bank Loan 450 (27.756) Balance as on 31.03.2020 1,458 621

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

Study Guide With Working Papers, Chapters 1-9 For Heintz/Parrys College Accounting

Authors: James A. Heintz, Robert W. Parry

21st Edition

1285059379, 9781285059372

More Books

Students also viewed these Accounting questions

Question

What would you do if the bullies and victim were girls?

Answered: 1 week ago