Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is the balance sheet of Ahmed LLC. Prepare Cash flow statement by Indirect method Liabilities Amount Amount Assets Amount Amount (2019) (2020) (2019)

image text in transcribed

The following is the balance sheet of Ahmed LLC. Prepare Cash flow statement by Indirect method Liabilities Amount Amount Assets Amount Amount (2019) (2020) (2019) (2020) Share capital 100,000 150,000 Land & Building 75,000 100.000 Debentures 150.000 130.000 Machines 190.000 180.000 Reserves 15,000 18.000 Goodwill 13,000 12.000 Retained earings 20,000 15.000 Patents 20.000 25,000 Loan from HDFC bank 65,000 10,000 Debtors 18.000 20.000 Creditors 23,000 14,000 Inventories 22.000 24.000 Bills payable 7,000 10.000 Share issue exp 5,000 1.000 Provision for tax 12.000 9,000 Preliminary exp 2.000 1,000 Proposed dividend 50,000 40,000 Bank 97,000 33,000 442,000 396,000 442,000 396,000 Additional Information: 1. Income tax paid during the current year is OMR 15.000 2. During the year one machine valued OMR 50,000 was sold for OMR 23.000. Depreciation during the year was Land and Building OMR 10.000 and Machines 12.000 3. Dividend paid during the year was 22,000. (10 Marks)

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_2

Step: 3

blur-text-image_3

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

Security And Audit Field Manual

Authors: Alex Meyer, Mark Polino

1st Edition

B0B72Q3V4M, 979-8841258483

More Books

Students also viewed these Accounting questions