Q#4The accounting record of KASHIF LTD. showed the following balances at the end of year 2010 and 2012DebitYear-2012Year-2011CashRs.Rs.112,000150,000Accounts ReceivablesMerchandise InventoryEquipmentPatents100,000140,000135,00040,00025,000440,000132,00060,00020,000474,000TotalCreditAccounts PayableAccumulated dep. (Equipment)Allowance for uncollectible accountsBonds payableShare CapitalRetain Earning24,0008,00016,000100,000290,00036,000474,00030,00010,00012,000120,000240,00028,000440,000TotalAdditional Information:Fully depreciated equipment that cost Rs. 10,000 was discarded and the related accounts closed.Cash dividend of Rs. 40,000 were declared and paid.Required:Prepare Cash Flow Statement for the year ended December 31, 2015 showing the following clearly:a. Cash flows from operating activities.b. Cash flows from investing activities.c. Cash flows from financing activities.

Name: Q#4The accounting record of KASHIF LTD. showed the following balances
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Description: Q#4The accounting record of KASHIF LTD. showed the following balances at the end of year 2010 and 2012DebitYear-2012Year-2011CashRs.Rs.112,000150,000Accounts ReceivablesMerchandise InventoryEquipmentPatents100,000140,000135,00040,00025,000440,000132

KASHIF LIMITED Cash Flow Statement (Indirect Method) For the year ended December 31, 2012 Cash…

Business

Accounting

The accounting record of KASHIF LTD. showed the following balances at the end of year 2010 and 2012 Debit Year-2012 Year-2011 Cash Rs. Rs. 112,000 150,000 Accounts Receivables Merchandise Inventory Equipment 100,000 140,000 135,000 40,000 25,000 440,000 132,000 60,000 20,000 474,000 Patents Total Credit Accounts Payable Accumulated dep. (Equipment) Allowance for uncollectible accounts Bonds payable Share Capital Retain Earning 24,000 8,000 30,000 10,000 12,000 120,000 240,000 28,000 440,000 16,000 100,000 290,000 36,000 474,000 Total Additional Information: •Fully depreciated equipment that cost Rs. 10,000 was discarded and the related accounts closed. • Cash dividend of Rs. 40,000 were declared and paid. Required: • Prepare Cash Flow Statement for the year ended December 31, 2015 showing the following clearly: a. Cash flows from operating activities. b. Cash flows from investing activities. c. Cash flows from financing activities.

The accounting record of KASHIF LTD. showed the following balances at the end of year 2010 and 2012 Debit Year-2012 Year-2011 Cash Rs. Rs. 112,000 150,000 Accounts Receivables Merchandise Inventory Equipment 100,000 140,000 135,000 40,000 25,000 440,000 132,000 60,000 20,000 474,000 Patents Total Credit Accounts Payable Accumulated dep. (Equipment) Allowance for uncollectible accounts Bonds payable Share Capital Retain Earning 24,000 8,000 30,000 10,000 12,000 120,000 240,000 28,000 440,000 16,000 100,000 290,000 36,000 474,000 Total Additional Information: •Fully depreciated equipment that cost Rs. 10,000 was discarded and the related accounts closed. • Cash dividend of Rs. 40,000 were declared and paid. Required: • Prepare Cash Flow Statement for the year ended December 31, 2015 showing the following clearly: a. Cash flows from operating activities. b. Cash flows from investing activities. c. Cash flows from financing activities.

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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