From the following information, calculate the Net Cash Flow from the Operating Activities under indirect method for the year that ended on 31 March 2008:
Profit & Loss A/c for the year that ended on 31 March 2008
|
Particulars |
Particulars |
||
|
To Loss on Sale of Land |
40,000 |
By Gross Profit |
8,20,000 |
|
To Discount on Issue of Shares written off |
10,000 |
By Interest on Investment |
15,000 |
|
To Interest on debentures |
18,000 |
By Dividend Received |
18,000 |
|
To Depreciation |
1,20,000 |
By Profit on Sale of Plant |
20,000 |
|
To Goodwill written off |
15,000 |
By Rent Received |
12,000 |
|
To General Reserve |
25,000 |
By Refund of Tax |
8,000 |
|
To Tax Provision |
30,000 |
By Insurance Claim Received for Earthquake |
90,000 |
|
To Proposed Dividend |
1,80,000 |
By Commission Receivable |
35,000 |
|
To Interim Dividend |
70,000 |
||
|
To Net Profit |
5,10,000 |
||
|
10,18,000 |
10,18,000 |
Additional information:
|
Particulars |
31 March 2007 (Rs.) |
31 March 2008 (Rs.) |
|
Debtors |
25,000 |
1,00,000 |
|
Creditors |
15,000 |
50,000 |
|
Stock |
1,40,000 |
1,00,000 |
|
Provision for Tax |
50,000 |
60,000 |
|
Accrued Commission |
15,000 |
30,000 |
|
Outstanding Wages |
20,000 |
25,000 |
|
Prepaid Expenses |
18,000 |
20,000 |