From the following balance sheets of WWW Ltd, prepare cash flow statement and draw inferences: Additional Information:

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From the following balance sheets of WWW Ltd, prepare cash flow statement and draw inferences:

Particulars Equity share capital 8% Preference Shares General Reserve Profit and Loss Account Proposed

Additional Information:

(i) ₹35,000 income tax was paid during the year 2008–09.

(ii) Depreciation of ₹10,000 and ₹20,000 have been charged on plant and machinery and on land and building, respectively for the year 2008–09.

(iii) A portion of building was sold at book value.

(iv) An interim dividend of ₹ 20,000 has been paid in the year 2008–09 along with ₹ 3,000 for corporate dividend tax thereon.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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