From the following information, calculate the Net Cash Flow from the operating activities by Indirect Method for the year that ended on 31 March 2009:
|
Profit & Loss A/c for the Year that Ended on 31 March 2009 |
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|
Particulars |
Particulars |
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|
To Loss on Sale of Land |
26,000 |
By Gross Profit |
6,90,000 |
|
|
To Discount on Issue of Shares written off |
5,000 |
By Interest on Investment |
17,000 |
|
|
To Interest on Debentures |
15,000 |
By Dividend Received |
22,000 |
|
|
To Depreciation |
64,000 |
By Profit on Sale of Plant |
25,000 |
|
|
To Goodwill written off |
10,000 |
By Rent Received |
14,000 |
|
|
To General Reserve |
20,000 |
By Refund of Tax |
6,000 |
|
|
To Tax Provision |
35,000 |
By Insurance Claim for earthquake |
60,000 |
|
|
To Proposed Dividend |
75,000 |
By Commission Receivable |
16,000 |
|
|
To Interim Dividend |
25,000 |
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|
To Net Profit |
5,75,000 |
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|
8,50,000 |
8,50,000 |
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Additional Information:
|
Particulars |
31 March 2008 Rs. |
31 March 2009 Rs. |
|
Debtors |
57,000 |
89,000 |
|
Creditors |
33,000 |
66,000 |
|
Stock |
74,000 |
51,000 |
|
Provision for Tax |
45,000 |
40,000 |
|
Accrued Commission |
9,000 |
15,000 |
|
Outstanding Wages |
23,000 |
29,000 |
|
Prepaid Expenses |
15,000 |
24,000 |
|
Proposed Dividend |
65,000 |
85,000 |