Question

Form the following Balance Sheet of SRS Ltd., and the additioan information as on 31st March, 2016, prepare a Cash Flow Statement:

Additional Information:
(i). ₹50,000, 12% Debntures was ussued on 31st March, 2016.
(ii). during the years a pice of machinery costing ₹ 40,000, on which accumulated depreciation was ₹ 20,000 was sold at a loss of ₹ 5,000.

Answer 1

Correct Answer - Cash Flow form Operating Activites = ₹ 1,93,500; Cash Used in Investing Activites = ₹ 3,65,000; Cash Flow form Financing Activities = ₹1,66,500; Net Decrease in Cash and Cash Equivalents = ₹ 5,000