Problem 3.6. Given below are the balance sheets of IVRL & Sons. Liabilities 1 Jda 2005 | 31 Dec. 2005 | Assets 1 Jan. 2005 31 Dec. 2005 Rs. Rs. Rs. Rs. 7,000 50,000 25,000 55,000 50,000 60,000 44,000 Cash Debtors 10,000 Creditors Mrs. A's Loan Loans from Bank 40,000 25,000 40,000 1,25,000 30,000 50,000 Stock 1,53,000 | Machinery Land Building 35,000 80,000 40,000 35,000 Capital 2,30,000 2,47,000 2,30,000 2,47,000 During the year a machine costing Rs. 10,000 (accumulated depreciation Rs. 3,000) sold for Rs. 5,000. The provisions for depreciation against Machinery as on 1 January, 2005 was Rs. 25,000 and on 31 December 2005 Rs. 40,000. Net profit for the year amount to Rs. 45,000. You are required to prepare Cash Flow Statement. (B. Com. Madras)
Problem 3.6. Given below are the balance sheets of IVRL & Sons. Liabilities 1 Jda 2005 | 31 Dec. 2005 | Assets 1 Jan. 2005 31 Dec. 2005 Rs. Rs. Rs. Rs. 7,000 50,000 25,000 55,000 50,000 60,000 44,000 Cash Debtors 10,000 Creditors Mrs. A's Loan Loans from Bank 40,000 25,000 40,000 1,25,000 30,000 50,000 Stock 1,53,000 | Machinery Land Building 35,000 80,000 40,000 35,000 Capital 2,30,000 2,47,000 2,30,000 2,47,000 During the year a machine costing Rs. 10,000 (accumulated depreciation Rs. 3,000) sold for Rs. 5,000. The provisions for depreciation against Machinery as on 1 January, 2005 was Rs. 25,000 and on 31 December 2005 Rs. 40,000. Net profit for the year amount to Rs. 45,000. You are required to prepare Cash Flow Statement. (B. Com. Madras)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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