From the following details relating to the account of Grow More Ltd. prepare cash flow statement:
|
|
31 March 2011 Rs. |
31 March 2010 Rs. |
|
Assets: |
||
|
Plant and Machinery |
14,00,000 |
10,00,000 |
|
Land and Building |
12,00,000 |
8,00,000 |
|
Investments |
2,00,000 |
— |
|
Sundry Debtors |
10,00,000 |
14,00,000 |
|
Stock |
8,00,000 |
4,00,000 |
|
Cash on Hand/Bank |
4,00,000 |
4,00,000 |
|
50,00,000 |
40,00,000 |
|
|
Liabilities: |
||
|
Share Capital |
20,00,000 |
16,00,000 |
|
Reserve |
4,00,000 |
3,00,000 |
|
P & L A/c |
2,00,000 |
1,20,000 |
|
Debentures |
4,00,000 |
— |
|
Provision for Taxation |
2,00,000 |
1,40,000 |
|
Proposed Dividend |
4,00,000 |
2,00,000 |
|
Sundry Creditors |
14,00,000 |
16,40,000 |
|
50,00,000 |
40,00,000 |
- Depreciation at 25% was charged on the opening value of plant and machinery.
- During the year one old machine costing Rs.1,00,000 (WDV Rs.40,000) was sold for Rs.70,000.
- Rs.1,00,000 was paid towards income tax during the year.
- Building under construction was not subject to any depreciation.
Prepare cash flow statement.