Q1. Prepare Cash flow Statement from Direct Method for ABC Business from the Following data for the Year ended 31st of December 2018.

a) Business received cash from customers of PRs. 83,000 and make payments to the employees and suppliers of PRs. 56,000.

b) Received Dividend and Interest respectively of Rs.250 and PRs.500.

c) Business paid Interest of PRs. 500 and also paid tax and also paid tax of PRs. 2450.

d) Business purchased Some Additional Equipment of PRs. 9,500 and after few days sold out some equipment having worth of 500 rupees.

e) Business ABC borrowed PRs. 16,000 to fulfill the requirement of required Capital.

f) Business also issued Equity Securities of worth PRs. 3,400 for the contribution in Capital.

g)Pay back PRs. 5400 from the borrowed amount.