The balance sheet of J.K. Ltd. as on 31 March 2010 and 31 March 2011 are as follows:
|
Liabilities |
31 March |
31 March |
Assets |
31 March |
31 March |
|
Share Capital |
1,60,000 |
1,80,000 |
Fixed Assets |
80,000 |
1,12,000 |
|
Profit and Loss A/c |
60,000 |
96,000 |
Inventories |
40,000 |
28,000 |
|
Creditors |
40,000 |
60,000 |
Debtors |
1,20,000 |
1,80,000 |
|
Liabilities for Expenses |
12,000 |
20,000 |
Cash and Bank Balance |
20,000 |
28,000 |
|
Advance Income |
8,000 |
4,000 |
Prepaid Expenses |
12,000 |
8,000 |
|
Deferred Expenses |
8,000 |
4,000 |
|||
|
2,80,000 |
3,60,000 |
2,80,000 |
3,60,000 |
Additional Information:
An old machine was sold for Rs.20,000, which had a written down value of Rs.10,000; dividend paid during the year was Rs.16,000 and depreciation charged to profit and loss account for the year amounted to Rs.10,000. Prepare the cash flow statement.