Question: Please show step by step solution (a) From the information given below of ABC Bank Ltd. prepare a cash flow statement for the year ended

Please show step by step solution

Please show step by step solution (a) From the information given below

of ABC Bank Ltd. prepare a cash flow statement for the year

(a) From the information given below of ABC Bank Ltd. prepare a cash flow statement for the year ended on 31st December 2021: (i) Operating profit before changes in operating 39,44,877 assets and liabilities (ii) Net increase in operating liabilities 20,95,680 (iii) Cash flow from investing activitiesInvestment in Treasury Bills 9,68,194 Purchase of Trading securities 22,09,384 Purchase of Fixed Assets 6,44,837 Cash and Cash Equivalents at the beginning 64,60,651 Calculate: Marks (I) Net cash from operating activities (ii) Net cash from investing activities (iii) Net eash increase/decrease in cash and cash equivalents. (b) Give a format of Balance Sheet according to the Banking Companies AcL, 1991 . (c) Describe the distinctions between GAAP and IFRS

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