Prepare cash flow statement for the year ended 31st March 2022 using indirect method 1. Following are

Prepare cash flow statement for the year ended 31st March 2022 using indirect method

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1. Following are the financial information of Malgudi Co. for the year of 2021-2022. Balance sheet as on 31.03.2022 2021 Assets Plant and Machinery Goodwill Preliminary expenses Furniture Inventory Trade Receivables Cash Prepaid salary Total To Opening Inventory To Purchases To gross Profit c/d 50000 30000 7000 22000 6000 13000 To Taxes To Net Profit 8000 7000 143000 To Salary and wages To Rent To Depreciation on Plant and Machinery To Amortization To Preliminary expenses written off To Interest Dividend Paid 5000 2022 75000 27000 3500 0 12000 17500 15000 4000 154000 Profit and loss account for the year ended 31 March 2022 Debit Amount Credit Liabilities and 2021 Equity Share Capital Secured Loan 32000 80000 48000 160000 9000 2500 5000 3000 3500 7000 7000 13000 50000 Trade Payables Rent Payable Tax Payable Retained Earning Total By Closing Stock By Sales 80000 30000 11000 7500 13000 1500 143000 By Gross Profit b/d By profit on sale of furniture 2022 80000 45000 0 4500 15000 9500 154000 Amount 25000 135000 160000 48000 2000 50000 1. Following are the financial information of Malgudi Co. for the year of 2021-2022. Balance sheet as on 31.03.2022 2021 Assets Plant and Machinery Goodwill Preliminary expenses Furniture Inventory Trade Receivables Cash Prepaid salary Total To Opening Inventory To Purchases To gross Profit c/d 50000 30000 7000 22000 6000 13000 To Taxes To Net Profit 8000 7000 143000 To Salary and wages To Rent To Depreciation on Plant and Machinery To Amortization To Preliminary expenses written off To Interest Dividend Paid 5000 2022 75000 27000 3500 0 12000 17500 15000 4000 154000 Profit and loss account for the year ended 31 March 2022 Debit Amount Credit Liabilities and 2021 Equity Share Capital Secured Loan 32000 80000 48000 160000 9000 2500 5000 3000 3500 7000 7000 13000 50000 Trade Payables Rent Payable Tax Payable Retained Earning Total By Closing Stock By Sales 80000 30000 11000 7500 13000 1500 143000 By Gross Profit b/d By profit on sale of furniture 2022 80000 45000 0 4500 15000 9500 154000 Amount 25000 135000 160000 48000 2000 50000

Answer rating: 100% (QA)

Step 1 Cash Flow Statement It is the statement of inflows and outflows of cash and cash equivalent d... View the full answer