Answer the following:

(a) A company sold building for cash at ₹100 lakh. The profit and loss account has shown ₹40 lakh profit on sale of building. How will you report it in cash flow statement (based on AS-3)?

(b) From the following information, determine cash received from debtors during current year:

(c) Determine cash paid to suppliers/creditors from the following data during current year:

(d) From the following (i) determine the gross amount of plant and machinery purchased and (ii) depreciation charged during the current year.
\(\boxtimes\) Plant assets (net of depreciation) at year-end ₹285 lakh and at the year-beginning ₹127 lakh.
\(\boxtimes\) Gross plant assets increased by ₹186 lakh even through machine costing initially ₹ 58 lakh with book value of ₹38 lakh was sold at loss of ₹ 25 lakh.

(e) Account balances relating to equipment during 2012-13 are as follows:

Equipment with an original cost of ₹40,000, having an accumulated depreciation of ₹20,000, were sold at a gain of ₹5,000. Determine: (i) Cash provided by the sale of equipment; (ii) Cash used to acquire equipment; (iii) Depreciation expense on equipment during 2012-13.

(f) Would your answer for

(e) (i), (ii) and (iii) be different if the equipment were sold at a loss of ₹ 5,000 ?

Transcribed Image Text:

Debtors in the beginning of current year Total sales Cash sales Debtors at the end of current year 100 lakh 2,000 500 300