Following is the Cash Flow Abstract of Alpha Ltd for the year that ended on 31 March 2008:
Cash flow abstract
|
Inflows |
Outflows |
||
|
Opening Balance: |
Payment to Creditors |
90,000 |
|
|
Cash |
10,000 |
Salaries & Wages |
25,000 |
|
Bank |
70,000 |
Payment of Overheads |
15,000 |
|
Share Capital -Shares Issued |
5,00,000 |
Fixed Assets Acquired |
4,00,000 |
|
Collection from Debtors |
3,50,000 |
Debentures Redeemed |
50,000 |
|
Sale of Fixed Assets |
70,000 |
Bank Loan Repaid |
250,000 |
|
Taxation |
55,000 |
||
|
Dividends |
1,00,000 |
||
|
Closing Balance: |
|||
|
Cash |
5,000 |
||
|
Bank |
10,000 |
||
|
10,00,000 |
10,00,000 |
Prepare a Cash Flow Statement for the year that ended on 31 March 2008 in accordance with AS-3.