Prepare fund flow statement from the following details: Additional information: (i) Investments costing 18,000 were sold during

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Prepare fund flow statement from the following details:

(A) Sources of Funds Share capital General reserve Profit and loss account Sundry creditors Provision for tax

Additional information:

(i) Investments costing ₹18,000 were sold during the year 2009–10 for  ₹18,500.

(ii) Provision for tax made during the year 2009–10 was  ₹90,000.

(iii) During the year part of the fixed asset costing (book value)  ₹1,00,000 was sold for  ₹1,12,000 and profit included in the profit and loss account.

(iv) Dividend paid during the year 2009–10 was  ₹90,000.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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