please solve this question properly Q.4. From the following particulars as at 31st March, prepare cash flow

please solve this question properly 

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Q.4. From the following particulars as at 31st March, prepare cash flow statement as per AS-3 using indirect method: 2017 2018 Equity and liabilities: Equity Share Capital 10% Pref. Share Capital 80.000 55,000 20,000 25,000 General Reserve 7,600 4,000 Assignment Surplus in Statement of Profit & Loss 15% Debentures 2,400 2,000 14,000 12,000 Creditors 22,000 24,000 Proposed Dividend Provision for Taxation Total Assets: Fixed Assets Less: Accumulated Depreciation 8,000 10,000 8,400 6,000 1,62,400 1,38,000 80,000 82,000 30,000 22,000 50,000 60,000 Stock 70,000 34,400 60,000 Debtors 15,000 Cash 7.000 2,400 Prepaid Expenses Total 1,000 600 1,62,400 1,38,000 Additional information: i. Provision for tax made Rs. 9,400. ii. Fixed assets costing Rs. 20,000 (accumulated depreciation till date of sale on then Rs. 6,000) were sold Rs. 10,000. iii. Interim dividend paid during the year Rs. 9,000. Proposed dividend of last year was declared and paid during the year. Ignore corporate dividend tax. iv. New Debentures were issued on 31“ March, 2017. Q.4. From the following particulars as at 31st March, prepare cash flow statement as per AS-3 using indirect method: 2017 2018 Equity and liabilities: Equity Share Capital 10% Pref. Share Capital 80.000 55,000 20,000 25,000 General Reserve 7,600 4,000 Assignment Surplus in Statement of Profit & Loss 15% Debentures 2,400 2,000 14,000 12,000 Creditors 22,000 24,000 Proposed Dividend Provision for Taxation Total Assets: Fixed Assets Less: Accumulated Depreciation 8,000 10,000 8,400 6,000 1,62,400 1,38,000 80,000 82,000 30,000 22,000 50,000 60,000 Stock 70,000 34,400 60,000 Debtors 15,000 Cash 7.000 2,400 Prepaid Expenses Total 1,000 600 1,62,400 1,38,000 Additional information: i. Provision for tax made Rs. 9,400. ii. Fixed assets costing Rs. 20,000 (accumulated depreciation till date of sale on then Rs. 6,000) were sold Rs. 10,000. iii. Interim dividend paid during the year Rs. 9,000. Proposed dividend of last year was declared and paid during the year. Ignore corporate dividend tax. iv. New Debentures were issued on 31“ March, 2017.

Answer rating: 100% (QA)

Cash flow from operating activities Operating Profit 27000 Add Depreciation 2000 ... View the full answer