II. Assets Cash Sundry Debtors Stock Land Goodwill Total Additional Information : 900 1490 4920 2000 1000 10310 780 1770 4270 3000 500 10320 (i) Dividend totaling Rs. 350 was paid. (ii) Land was purchased for Rs. 1000 and amount provided for the amortization of goodwill totaled Rs. 500. (iii) Debentures of Rs. 600 were redeemed. Prepare a Cash flow statement. [Ans. Cash from operations Rs. 1430; Net Decrease in cash Rs. 120] [Hint: Provision for doubtful debts has been added back to profit to calculate cash from operations]
II. Assets Cash Sundry Debtors Stock Land Goodwill Total Additional Information : 900 1490 4920 2000 1000 10310 780 1770 4270 3000 500 10320 (i) Dividend totaling Rs. 350 was paid. (ii) Land was purchased for Rs. 1000 and amount provided for the amortization of goodwill totaled Rs. 500. (iii) Debentures of Rs. 600 were redeemed. Prepare a Cash flow statement. [Ans. Cash from operations Rs. 1430; Net Decrease in cash Rs. 120] [Hint: Provision for doubtful debts has been added back to profit to calculate cash from operations]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:9. Balance sheet of XYZ is as follows:
I. Equity and Liabilities
Share
Capital Debentures
Sundry
Creditors
Provision for doubtful debts P & L A/c
Total
2021
(Rs.)
7000
1200
1036
70
1004
10310
2022
(Rs.)
7400
600
1184
80
1056
10320
![II. Assets
Cash
Sundry Debtors
Stock
Land
Goodwill
Total
Additional Information :
900
1490
4920
2000
1000
10310
780
1770
4270
3000
500
10320
(i) Dividend totaling Rs. 350 was paid.
(ii)
Land was purchased for Rs. 1000 and amount provided for the amortization of goodwill totaled
Rs. 500.
(iii) Debentures of Rs. 600 were redeemed. Prepare a Cash flow statement.
[Ans. Cash from operations Rs. 1430; Net Decrease in cash Rs. 120]
[Hint : Provision for doubtful debts has been added back to profit to calculate cash from operations]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7a7c291-6116-48d0-8dfb-2128ed51b462%2F3082559a-bb16-495d-aed1-a4d667ae18c8%2Fk86rprg_processed.png&w=3840&q=75)
Transcribed Image Text:II. Assets
Cash
Sundry Debtors
Stock
Land
Goodwill
Total
Additional Information :
900
1490
4920
2000
1000
10310
780
1770
4270
3000
500
10320
(i) Dividend totaling Rs. 350 was paid.
(ii)
Land was purchased for Rs. 1000 and amount provided for the amortization of goodwill totaled
Rs. 500.
(iii) Debentures of Rs. 600 were redeemed. Prepare a Cash flow statement.
[Ans. Cash from operations Rs. 1430; Net Decrease in cash Rs. 120]
[Hint : Provision for doubtful debts has been added back to profit to calculate cash from operations]
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