From the following information, prepare the Cash Flow Statement for the year that ended on 31 March 2008:
Balance Sheets as on __________
|
Liabilities |
As on 31 |
Ason 31 |
Assets |
Ason 31 |
Ason 31 |
|
Share Capital |
1,50,000 |
1,75,000 |
Land & Building |
1,10,000 |
1,50,000 |
|
Profit & Loss A/c |
20,000 |
80,000 |
Machinery |
2,00,000 |
1,40,000 |
|
Bank Loan |
1,50,000 |
50,000 |
Stock |
50,000 |
45,000 |
|
Creditors |
80,000 |
95,000 |
Debtors |
70,000 |
80,000 |
|
Bills Payable |
50,000 |
40,000 |
Cash |
20,000 |
25,000 |
|
4,50,000 |
4,00,000 |
4,50,000 |
4,00,000 |
Additional Information:
- Net Profit for the year 2007–08 amounted to Rs. 60,000.
- During the year 2007–08, a machine costing Rs. 25,000 (accumulated depreciation was Rs. 10,000) was sold for Rs. 13,000. The provision for depreciation against machinery as on 31 March 2007 was Rs. 50,000 and on 31 March 2008 was Rs. 85,000.