Mr. Ahmed has provided you the following statement of financial positions. (iii) Cash and Bank Accounts...

 

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Mr. Ahmed has provided you the following statement of financial positions. (iii) Cash and Bank Accounts receivable Inventory Land (iv) (vi) Furniture and Fixture Equipment Accumulated depreciation Equipment Accumulated depreciation - Furniture and Fixture Additional information: Creditor Interest payable Unearned rent Long term loan Capital 31-Dec 2022 2021 49,000 136,900 235,750 145,500 185,500 168,600 35,500 130,100 626,000 580,000 646,000 360,000 1,777,750 1,521,100 85,250 89,300 179,000 159,000 59,000 63,500 95,000 97,200 31.250 16,500 265,250 435,200 1,063,000 660,400 1,777,750 1,521,100 Equipment having a cost of Rs. 90,000 which was depreciated by 35% sold during the year for Rs. 31,000. Furniture and Fitting having a cost of Rs. 165,000 having a book value of Rs. 128,000 was sold during the year for Rs. 94,000. Land was sold during the year for Rs. 240,000. No new land was purchased during the year. Mr. Ahmed withdraw Rs. 10,000 each month for personal use. No new additional capital introduced during the year. Interest expense during the year Rs. 25,000 Required: Prepare Statement of Cash flow as per IAS-07 using indirect method. Mr. Ahmed has provided you the following statement of financial positions. (iii) Cash and Bank Accounts receivable Inventory Land (iv) (vi) Furniture and Fixture Equipment Accumulated depreciation Equipment Accumulated depreciation - Furniture and Fixture Additional information: Creditor Interest payable Unearned rent Long term loan Capital 31-Dec 2022 2021 49,000 136,900 235,750 145,500 185,500 168,600 35,500 130,100 626,000 580,000 646,000 360,000 1,777,750 1,521,100 85,250 89,300 179,000 159,000 59,000 63,500 95,000 97,200 31.250 16,500 265,250 435,200 1,063,000 660,400 1,777,750 1,521,100 Equipment having a cost of Rs. 90,000 which was depreciated by 35% sold during the year for Rs. 31,000. Furniture and Fitting having a cost of Rs. 165,000 having a book value of Rs. 128,000 was sold during the year for Rs. 94,000. Land was sold during the year for Rs. 240,000. No new land was purchased during the year. Mr. Ahmed withdraw Rs. 10,000 each month for personal use. No new additional capital introduced during the year. Interest expense during the year Rs. 25,000 Required: Prepare Statement of Cash flow as per IAS-07 using indirect method.

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Statement of Cash Flows indirect Method Ahmed Statement of Cash Flows For the Year Ended December 31 2022 Working Note No Cash flows from used for operating activities Net Income 522600 I Adjustments ... View the full answer