From the following information, calculate the Net Cash Flow from the Operating Activities of Sosa Ltd for the year that ended on 31 March 2009:
|
Profit & Loss A/c for the Year that Ended on 31 March 2009 |
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|
|
|
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|
To Opening Stock |
|
62,000 |
By Saks: |
|
|
|
To Purchases: |
|
|
Cash |
93,000 |
|
|
Cash |
60,000 |
|
Credit |
3,94,000 |
|
|
Credit |
2,23,000 |
2,83,000 |
|
|
4,87,000 |
|
To Wages: |
|
|
By Closing Stock |
|
52,000 |
|
Paid |
62,000 |
|
By Interest from Investment |
|
11,000 |
|
Outstanding |
6,000 |
68,000 |
|
|
|
|
To Salaries: |
|
|
|
|
|
|
Paid |
32,000 |
|
|
|
|
|
Outstanding |
3,000 |
35,000 |
|
|
|
|
To Rent Paid |
|
8,000 |
|
|
|
|
To Depreciation on |
|
16,000 |
|
|
|
|
Assets |
|
|
|
|
|
|
To Preliminary Expenses written off |
|
7.000 |
|
|
|
|
To Provision for Taxation |
|
48,000 |
|
|
|
|
To Net Profit for the year |
|
23.000 |
|
|
|
|
|
|
5,50,000 |
|
|
5,50,000 |
Additional Information:
1. Balance of debtors and creditors were as follows:
|
|
1 April 2008 Rs. |
31 March 2009 Rs. |
|
Debtors |
46,000 |
62,000 |
|
Creditors |
49,000 |
42,000 |
2. Tax paid during the year amounted to Rs. 45,000.