The following is the profit and loss account of Yamuna Limited
Yamuna Limited profit and loss account
for the year ended March 31, 2007
|cost of goods sold opening stock||2,50,000|
|(-) closing stock||2,00,000||5,50,000|
(i) Trade debtors decrease by Rs. 30,000 during the year.
(ii) Prepaid expenses increased by Rs. 5,000 during the year.
(iii) Trade creditors decrease by Rs. 15,000 during the year.
(iv) Outstanding expenses increased by Rs. 3,000 during the year.
(v) Operating expenses include depreciation of Rs. 25,000. Compute net cash provided by operations for the year ended March 31, 2007, by the indirect method