Goodwill Ltd. Supplies you the following balance sheets on 31st December 2011 and 2012 2011 Rs...

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Goodwill Ltd. Supplies you the following balance sheets on 31st December 2011 and 2012 2011 Rs Liabilities Share capital Bonds Accounts Payable Provision Doubtful Debts Reserve surplus for and 70,000 12,000 10,360 700 10,040 2012 Rs 74,000 Bank balance 6,000 Accounts Receivable Inventories 11,840 Assets 800 Land 10,560 Goodwill 1,03,100 1,03,200 Following additional information has also been supplied to you: i. Dividends amounting to Rs. 3,500 were paid during the year 2012 ii. Land was purchased for Rs. 10,000 iii. Rs. 5,000 were written off on account of goodwill during the year iv. Bonds of Rs. 6,000 were paid during the course of the year. You are required to prepare a Cash Flow Statement. 2011 Rs 9,000 14,900 49,200 20,000 10,000 1,03,100 2012 Rs 7,800 17,700 42,700 30,000 5,000 1,03,200 Goodwill Ltd. Supplies you the following balance sheets on 31st December 2011 and 2012 2011 Rs Liabilities Share capital Bonds Accounts Payable Provision Doubtful Debts Reserve surplus for and 70,000 12,000 10,360 700 10,040 2012 Rs 74,000 Bank balance 6,000 Accounts Receivable Inventories 11,840 Assets 800 Land 10,560 Goodwill 1,03,100 1,03,200 Following additional information has also been supplied to you: i. Dividends amounting to Rs. 3,500 were paid during the year 2012 ii. Land was purchased for Rs. 10,000 iii. Rs. 5,000 were written off on account of goodwill during the year iv. Bonds of Rs. 6,000 were paid during the course of the year. You are required to prepare a Cash Flow Statement. 2011 Rs 9,000 14,900 49,200 20,000 10,000 1,03,100 2012 Rs 7,800 17,700 42,700 30,000 5,000 1,03,200

Answer rating: 100% (QA)

Solution Preparation of Cash Flow Statement Cash flow refers to net cash inflow or outflow durig ... View the full answer