The undernoted data was extracted from the accounting record of Arshad Company for the year ended...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The undernoted data was extracted from the accounting record of Arshad Company for the year ended 30 June, 2021. The Company is using cash basis of accounting. a Cash collection from customers for sale of merchandise. Cash payment to suppliers of merchandise Purchase of land on cash. Disposal of equipment on cash. Opening cash balance as on 01 July 2020. Payment of interest on loan Redemption of long term debentures Dividends payment to shareholders Payment of salaries to staff Purchase of equipment on cash b C D E F G H 1 J K Issuance of Common Stock at par Closing cash balance as on 30 June 2021 Required: Prepare a cash flow statement under direct method. L Rs. 250,000 Rs. 120,000 Rs. 80,000 Rs. 25,000 Rs. 16,000 Rs. 5,000 Rs. 40,000 Rs. 4,000 Rs. 45,000 Rs. 32,000 Rs. 60,000 Rs. 25,000 The undernoted data was extracted from the accounting record of Arshad Company for the year ended 30 June, 2021. The Company is using cash basis of accounting. a Cash collection from customers for sale of merchandise. Cash payment to suppliers of merchandise Purchase of land on cash. Disposal of equipment on cash. Opening cash balance as on 01 July 2020. Payment of interest on loan Redemption of long term debentures Dividends payment to shareholders Payment of salaries to staff Purchase of equipment on cash b C D E F G H 1 J K Issuance of Common Stock at par Closing cash balance as on 30 June 2021 Required: Prepare a cash flow statement under direct method. L Rs. 250,000 Rs. 120,000 Rs. 80,000 Rs. 25,000 Rs. 16,000 Rs. 5,000 Rs. 40,000 Rs. 4,000 Rs. 45,000 Rs. 32,000 Rs. 60,000 Rs. 25,000
Expert Answer:
Answer rating: 100% (QA)
Arshad Company Statement of Cash Flows for the year ended 30 June 2021 Cash flow from ope... View the full answer
Related Book For
Posted Date:
Students also viewed these mechanical engineering questions
-
During a period of relative inactivity, the average rate of transport of enthalpy by the metabolic and digestive waste products leaving the body minus the rate of enthalpy transport by the raw...
-
Heat is transferred from the sun to the earth via electromagnetic waves (Chapter 24). Because of this transfer, the entropy of the sun ________, the entropy of the earth ________, and the entropy of...
-
Heat in the amount of 100 kJ is transferred directly from a hot reservoir at 1200 K to a cold reservoir at 600 K. Calculate the entropy change of the two reservoirs and determine if the increase of...
-
How do accounting differences impact the usefulness of financial ratio comparisons?
-
Describe the specific types of inventory reported by merchandisers and manufacturers.
-
Which of the following has not been observed for the Fama-French three-factor model? A. In general, smaller capitalization firms have greater returns than larger capitalization firms. B. In general,...
-
When consolidation and separation of trials may occur?
-
In 2013, Lisa Perry opened Lisas Jeans Company, a small store that sold designer jeans in a suburban mall. Perry worked 14 hours a day and controlled all aspects of the operation. The company was...
-
ABN Ltd shares have a closing price of $10.85 on 8 November 2005. On the next day they will begin trading on an ex-dividend basis. The dividend is 40 cents per share fully franked at the company tax...
-
Suppose your company introduces a referral incentive for existing customers. Namely, cus- tomers can get a $500 discount on their customer service subscription for each customer lead that they refer...
-
There is a link between organisational ethics and the business model. In this case study the author argues that "One of the biggest ironies about the business models of Google and Facebook is that...
-
On the suction side of a pump, a Bourdon pressure gage reads \(40 \mathrm{kPa}\) vacuum. What is the corresponding absolute pressure if the local atmospheric pressure is \(100 \mathrm{kPa}\) (abs)?
-
The Wide World of Fluids article titled "Weather, barometers, and bars,". The record low sea-level barometric pressure ever recorded is 25.8 in. of mercury. At what altitude in the standard...
-
A valve is designed to close on trip in a SIF. If this valve had a failure where internal seals were damaged and could not completely stop flow, how would this failure be classified?
-
On a given day, a barometer at the base of the Washington Monument reads 29.97 in. of mercury. What would the barometer reading be when you carry it up to the observation deck \(500 \mathrm{ft}\)...
-
A solenoid valve is energized in normal process operation. It is deenergized when a dangerous condition is detected and vents air from a pneumatic actuator. If the solenoid coil fails short circuit...
-
Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end of Beale's fiscal year), the following pension-related data were available: Projected Benefit...
-
Write a while loop that uses an explicit iterator to accomplish the same thing as Exercise 7.3. Exercise 7.3. Write a for-each loop that calls the addInterest method on each BankAccount object in a...
-
One end of a thin rod is attached to a pivot, about which it can rotate without friction. Air resistance is absent. The rod has a length of 0.80 m and is uniform. It is hanging vertically straight...
-
Consider applying the Bohr model to a neutral helium atom. The model takes into account a number of factors. Which one of the following does it not take into account? (a) The quantization of the...
-
Multiple-Concept Example 9 reviews the concepts that are important to this problem. A light bulb is wired in series with a 144- resistor, and they are connected across a 120.0-V source. The power...
-
Consider the mass \(m\) suspended by a nonlinear hardening spring as shown in Figure 2.34. The spring obeys \(F=k x^{3}\) and has an original length of \(L\). The coordinate \(x\) is the stretch of...
-
Calculate the equivalent torsional spring constant for the stepped shaft shown in Figure 2.40. The two shafts have negligible mass and are made of a material with shear modulus \(G_{1}\) and...
-
A disk of mass \(m\) is mounted between two shafts with different properties, as shown in Figure 2.39. (a) What is the natural frequency of the system? (b) If the disk is rotated \(\theta\), where...
Study smarter with the SolutionInn App