Sarthaks Test
0 votes
2.3k views
in Accounts by (64.1k points)

 Compute cash from operations from 

(i) Profit for the year 2010-11 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000. 

(ii) The current assets of the business for the year ended March 31, 2010 and 2011 are as follows

ParticularsMarch 31,2010,(Rs.)March 31,2011 (Rs.)
Debtors10,00012,000
Provision for doubtful debts  1,000  1,200
Bills Receivable  4,000  3,000
Bills payables  5,000  6,000
creditors  8,000  9,000
Inventories  5,000  8,000
short term investments10,00012,000
outstanding expense  1,000  1,500
Prepaid expenses  2,000  1,000
accrued income  3,000  4,000
Income received in advandce  2,000  1,000

Prepare of cash flow statement from summary cash account.

1 Answer

0 votes
by (106k points)
selected by
 
Best answer

Cash flow from operating activities 

as on march 31,2010

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...