Please do not give solution in image format thanku 4. Digital World Ltd. supplies you the following balance on March 31, 2015, and 2016.LiabilitiesMarch 31AssetsMarch 31ReservesProvisions for debtsBills PayableDebenturesShare Capital201520,0801,400201620,72021,1201,60023,68024,000 12,0001,40,000 1,48,0002,06,200 2,06,400GoodwillLandStockDebtorsCash at Bank201520,00040,00098,40029,80018,000201610,00060,00085,40035,40015,6002,06,200 2,06,400Additional Information:(a) Dividends amounting to 7,000 were paid during the year 2016.(b) Land was purchased for 20,000.(c) * 10,000 were written off on goodwill during the year.(d) Bonds of * 12,000 were paid during the year.4You are required to prepare a cash flow statement.Dinnung the procedure of determining cash provided by operating activities. Give a suitable

Cash flows statement is one of important financial statement being prepared in business. It shows…

4. Digital World Ltd. supplies you the following balance on March 31, 2015, and 2016. Liabilities March 31 Assets March 31 Reserves Provisions for debts Bills Payable Debentures Share Capital 2015 20,080 1,400 20,720 24,000 2016 21,120 1,600 23,680 12,000 1,40,000 1,48,000 2,06,200 2,06,400 Goodwill Land Stock Debtors Cash at Bank Additional Information: (a) Dividends amounting to (b) Land was purchased for 20,000. (c) * 10,000 were written off on goodwill during the year. (d) Bonds of * 12,000 were paid during the year. You are required to prepare a cash flow statement. h 7,000 were paid during the year 2016. 2015 20,000 40,000 98,400 29,800 18,000 2,06,200 2016 10,000 60,000 85,400 35,400 15,600 2,06,400

4. Digital World Ltd. supplies you the following balance on March 31, 2015, and 2016. Liabilities March 31 Assets March 31 Reserves Provisions for debts Bills Payable Debentures Share Capital 2015 20,080 1,400 20,720 24,000 2016 21,120 1,600 23,680 12,000 1,40,000 1,48,000 2,06,200 2,06,400 Goodwill Land Stock Debtors Cash at Bank Additional Information: (a) Dividends amounting to (b) Land was purchased for 20,000. (c) * 10,000 were written off on goodwill during the year. (d) Bonds of * 12,000 were paid during the year. You are required to prepare a cash flow statement. h 7,000 were paid during the year 2016. 2015 20,000 40,000 98,400 29,800 18,000 2,06,200 2016 10,000 60,000 85,400 35,400 15,600 2,06,400

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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