Prepare a Cash Flow Statement of Jungle Ltd for the year that ended on 31 December 2008 from the following particulars
Balance Sheets as on____________
|
Liabilities |
31 December |
31 December |
Assets |
31 December |
31 December |
|
Equity Share Capital |
2,00,000 |
2,50,000 |
Goodwill |
80,000 |
50,000 |
|
9% Preference Share |
1,00,000 |
1,50,000 |
Building |
2,50,000 |
3,30,000 |
|
Capital |
|||||
|
Profit & Loss A/c |
1,40,000 |
2,20,000 |
Machinery |
1,60,000 |
2,35,000 |
|
10% Debentures |
1,50,000 |
1,00,000 |
Stock |
70,000 |
50,000 |
|
Creditors |
50,000 |
40,000 |
Debtors |
1,10,000 |
1,40,000 |
|
Proposed Dividend |
40,000 |
Bank |
40,000 |
10,000 |
|
|
Provision for Taxation |
50,000 |
40,000 |
Preliminary Expenses |
10,000 |
5,000 |
|
7,20,000 |
840,000 |
7,20,000 |
8,40,000 |
Additional Information:
- A building having a book value of Rs. 40,000 was sold for Rs. 50,000. Depreciation on the building provided for 2008 was Rs. 60,000.
- A machinery having a book value of Rs. 45,000 was sold for Rs. 35,000. Depreciation provided on the Machinery for the year 2008 amounted to Rs. 40,000.
- Tax paid during the year 2008 was Rs. 45,000.
- 10% Debentures were redeemed at a 10% premium.