From the following particulars, prepare a Cash Flow Statement for the year that ended on 31 December 2007:
|
Assets on 31 December 2006 |
Liabilities on 31 December 2006 |
||
|
Fixed Assets |
75,000 |
Bank Loan |
25,000 |
|
Cash in Hand |
11,000 |
Trade Creditors |
52,000 |
|
Other Current Assets |
74,000 |
Capital |
83,000 |
The Balance of Assets and Liabilities as on 31 December 2007 were as follows:
|
Fixed Assets |
1,05,000 |
Bank Loan |
10,000 |
|
Cash in Hand |
2,000 |
Trade Creditors |
76,000 |
|
Other Current Assets |
92,000 |
Capital |
1,13,000 |
During the year 2007, the proprietor of the business withdrew Rs. 31,000 from the business and invested a further capital of Rs. 40,000 and also provided Rs. 15,000 as depreciation on Fixed Assets.