The summarized balance sheet of Jay Ltd as on 31.12.06 and 31.12.2007 are as follows: Liabilities...

 
 

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The summarized balance sheet of Jay Ltd as on 31.12.06 and 31.12.2007 are as follows: Liabilities 2006 2007 Assets 2006 Share capital General Reserve Creditors Tax provision Prov. for doubtful debt 1,00,000 38,400 9,750 19,000 1,000 1,00,000 Building 42,000 Plant and Machinery 6,380 Goodwill 21,000 Investment 1,200 Stock 1,68,150 1,70,580 Debtor Cash 46,800 38,280 13,000 10,000 30,000 22,070 8,000 1,68,150 2007 45,000 42,030 13,000 11,250 28,000 22,300 9,000 1,70,580 After taking the following information in to account, prepare a cash flow statement for the year ending 31.12.2007 1. The profit for 2006-2007 was Rs.8,600 against this had been charged Dep. Rs. 3,050 and increase in provision for doubtful debt Rs.200 2. Income tax Rs.18,000 was paid during the year charged against the provision and in addition Rs.20,000 was charged against profit and carried to the provision. 3. An interim dividend Of Rs.5,000 was paid in January 2007 4. Additional plan was purchased in September 2006 for Rs.5,000 5. Investments (cost Rs.5,000) were sold 2007 for Rs. 4800 and on 1st march 2007 another investment was made for Rs. 6,250. The summarized balance sheet of Jay Ltd as on 31.12.06 and 31.12.2007 are as follows: Liabilities 2006 2007 Assets 2006 Share capital General Reserve Creditors Tax provision Prov. for doubtful debt 1,00,000 38,400 9,750 19,000 1,000 1,00,000 Building 42,000 Plant and Machinery 6,380 Goodwill 21,000 Investment 1,200 Stock 1,68,150 1,70,580 Debtor Cash 46,800 38,280 13,000 10,000 30,000 22,070 8,000 1,68,150 2007 45,000 42,030 13,000 11,250 28,000 22,300 9,000 1,70,580 After taking the following information in to account, prepare a cash flow statement for the year ending 31.12.2007 1. The profit for 2006-2007 was Rs.8,600 against this had been charged Dep. Rs. 3,050 and increase in provision for doubtful debt Rs.200 2. Income tax Rs.18,000 was paid during the year charged against the provision and in addition Rs.20,000 was charged against profit and carried to the provision. 3. An interim dividend Of Rs.5,000 was paid in January 2007 4. Additional plan was purchased in September 2006 for Rs.5,000 5. Investments (cost Rs.5,000) were sold 2007 for Rs. 4800 and on 1st march 2007 another investment was made for Rs. 6,250.

Answer rating: 100% (QA)

Cash Flow statement for the year ending 31122007 in Rs A Cash flow from Operating Activities ProfitL... View the full answer