Find a cash flow statement for the year ended

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Reference no: EM132513524

Question 1: From the following, find a cash flow statement for the year ended 31st March 2004

i) Total sale for the year were Rs. 20,50,000 out of which cash sales is Rs. 14,20,000.

ii) Total purchases for the year were Rs. 15,30,000 out of which cash purchases amounted to Rs. 10,20,000.

iii) Cash collected from creditors during the year amounted to Rs. 4,80,000.

iv) Cash paid to suppliers was Rs.4, 50,000.

v) Income tax paid Rs. 80,000.

vi) Equity shares of the face value of Rs. 2,00,000 were issued at a premium of 5% during the year.

vii) Rs. 25,000 was paid as dividend for the year ended 31st March 2004.

viii) Redeemable preference share of the face value of Rs. 1,00,000 were redeemed during the year at a premium of 10%.

ix) New machinery war purchased for Rs. 30,000on 1st Jan. 2004.

x) Depreciation for the year was Rs. 40,000 where as salary and other expenses amounted to Rs.1,80,000 out of which Rs. 20,000 are outstanding.

xi) The balance of the cash & bank as on 1st April 2003 was Rs. 85000.

Reference no: EM132513524

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