The undernoted data was extracted from the accounting record of Arshad Company for the year ended...

 

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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

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