From the following Balance Sheets of X Ltd. make out the Cash Flow StatementBALANCE SHEETASSETSQ2.2017LIABILITIESEquity Share CapitalPreference ShareCapital20182017201890000300000400000Goodwill115000Land & BuildingPlant15000010000020000017000080000200000General Reserve4000070000Debtors160000200000Profit and Loss Account 30000Proposed dividend48000Stock770001090004200050000Bills Receivable2000030000Creditors5500083000Cash in hand1500010000Bills payable2000016000Cash at bank100008000Provision for taxation4000050000677000817000677000817000ADDITIONAL INFORMATION:1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and buildingrespectively in 2018.2. A dividend of Rs. 20000 has been paid in 2018.3. Tax of Rs. 35000 has been paid in 2018.

Cash flow statement shows all cash inflows and cash outflows of the business for the particular…

Q2. From the following Balance Sheets of X Ltd. make out the Cash Flow Statement BALANCE SHEET LIABILITIES Equity Share Capital Preference Share Capital General Reserve Profit and Loss Account 30000 2017 2018 400000 ASSETS 2017 2018 90000 300000 Goodwill 115000 150000 100000 Land & Building 200000 170000 Plant 80000 200000 40000 70000 Debtors 160000 200000 48000 Stock 77000 109000 Proposed dividend 42000 55000 50000 Bills Receivable 20000 30000 Creditors 83000 Cash in hand 15000 10000 Bills payable Provision for taxation 20000 16000 Cash at bank 10000 8000 40000 677000 50000 817000 677000 817000 ADDITIONAL INFORMATION: 1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and building respectively in 2018. 2. A dividend of Rs. 20000 has been paid in 2018. 3. Tax of Rs. 35000 has been paid in 2018.

Q2. From the following Balance Sheets of X Ltd. make out the Cash Flow Statement BALANCE SHEET LIABILITIES Equity Share Capital Preference Share Capital General Reserve Profit and Loss Account 30000 2017 2018 400000 ASSETS 2017 2018 90000 300000 Goodwill 115000 150000 100000 Land & Building 200000 170000 Plant 80000 200000 40000 70000 Debtors 160000 200000 48000 Stock 77000 109000 Proposed dividend 42000 55000 50000 Bills Receivable 20000 30000 Creditors 83000 Cash in hand 15000 10000 Bills payable Provision for taxation 20000 16000 Cash at bank 10000 8000 40000 677000 50000 817000 677000 817000 ADDITIONAL INFORMATION: 1. Depreciation of Rs. 10,000 and Rs. 20,000 has been charged on Plant and land and building respectively in 2018. 2. A dividend of Rs. 20000 has been paid in 2018. 3. Tax of Rs. 35000 has been paid in 2018.

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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