From the following details, prepare cash flow statement: A. Sources of Funds Capital Creditors Loan from B
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From the following details, prepare cash flow statement:
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A. Sources of Funds Capital Creditors Loan from B Loan from PNB B. Application of Funds Cash Debtors Inventory Plant and Machinery Premises Land Comparative Balance Sheet Particulars Previous Year 1,25,000 40,000 20,000 45,000 11,000 29,000 30,000 85,000 35,000 40,000 Current Year 1,53,000 44,000 Nil 50,000 8,000 49,000 20,000 60,000 60,000 50,000 During the year, a machine costing 10,000 accumulated depreciation on it ₹ 3,000 was sold for 5,000. The opening and closing balance, respectively of provision for depreciation was 25,000 and 40,000. Net profit for the year was 45,000.
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