On Mar 31, 2008, Y Ltd. made a profit of Rs 1,25,000 after considering the following.
|
Rs |
|
|
Depreciation on Billings |
25,000 |
|
Depreciation on Plant and Machinery |
45,000 |
|
Amortisation or Goodwill |
20,000 |
|
Gain on Sale of Machinery |
10,000 |
|
Current Assets and Current Liabilities |
|
Apr 1, 2007 Rs |
Mar 31, 2008 Rs |
|
|
Accounts Receivable |
35,000 |
45,000 |
|
Stock in Hand |
75,000 |
69,000 |
|
Cash in Hand |
18,000 |
30,000 |
|
Accounts Payable |
30,000 |
32,000 |
|
Expenses Payable |
10,000 |
5,000 |
|
Bank Overdraft |
60,000 |
35,000 |
Ascertain cash flow from Operating Activities.