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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)
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)
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