From the following summary cash account of x ltd prepare

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From the following Summary Cash Account of X Ltd. prepare Cash Flow Statement for the year ended 31st March, 2006 in accordance with AS 3 using the direct method. The company does not have any cash equivalents.

  • Summary Cash Account for the year ended 31.3.2006
  • Rs. %u2019000
  • Balance on 1.4.2005 50
  • Payment to Suppliers 2,000
    • Issue of Equity Shares 300
  • Purchase of Fixed Assets 200
    • Receipts from Customers 2,800
  • Overhead expense 200
    • Sale of Fixed Assets 100
  • Wages and Salaries 100
    • Taxation 250
    • Dividend 50
    • Repayment of Bank Loan 300
    • Balance on 31.3.2006 150

Reference no: EM13580895

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