Following is the balance sheet of Metlife Ltd as on 31st March, 2004 and 2005
|
Liabilities
|
2004 |
2005 |
Assets |
2004 |
2005 |
|
Share Capital |
2,00,000 |
2,50,000 |
Land & Buildings |
2,00,000 |
1,90,000 |
|
Gen Reserve |
50,000 |
60,000 |
Stock |
1,00,000 |
74,000 |
|
P&L A/c |
30,500 |
30,600 |
Machinery |
1,50,000 |
1,69,000 |
|
Bank Loan(Long Term) |
70,000 |
- |
Sundry Debtors |
80,000 |
64,200 |
|
Sundry Creditors |
1,50,000 |
1,35,200 |
Cash |
500 |
800 |
|
Provision for Tax |
30,000 |
35,000 |
Bank |
- |
7,800 |
|
|
|
|
Goodwill |
- |
5,000 |
|
Total |
5,30,500 |
5,10,800 |
Total |
5,30,500 |
5,10,800 |
Prepare the cash flow statement from the following information: During the year ended 31st Mar, 05
1. Dividend of Rs.23,000 was paid
2. Assets of another company were purchased for a consideration of Rs.50,000 payable in shares. The following assets were purchased – Stock Rs.20,000, Machinery Rs.25,000
3. Machinery was further purchased for Rs.8,000
4. Depreciation Written off on machinery Rs.12,000 and
5. Income Tax provided during year Rs.33,000, loss on sale of machinery Rs.200 was written off to general reserve.
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CAclubindia
