From the following particulars, prepare a Cash Flow Statement of Gulmohor Co. Ltd for the year that ended on 31 March 2007:
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Particulars |
Particulars |
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|
To Opening Stock |
45,000 |
By Sales (Less Return) |
7,50,000 |
|
To Purchases (Less Return) |
3,60,000 |
By Closing Stock |
70,000 |
|
To Wages |
1,75,000 |
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|
|
To Gross Profit c/d |
2,40000 |
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|
|
|
8,20,000 |
|
8,20,000 |
|
To Office Expenses |
50,000 |
By Gross Profit b/d |
2,40,000 |
|
To Selling Expenses |
30,000 |
By Interest on Deposit with Bank |
10,000 |
|
To Depreciation on Fixed Asset |
40,000 |
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|
|
To Income Tax |
50,000 |
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|
|
To Net Profit c/d |
80,000 |
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|
|
|
2 50 000 |
|
2 50 000 |
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To Dividend |
30,000 |
By Balance b/d |
20,000 |
|
To Balance c/d |
70,000 |
By Net Profit b/d |
80,000 |
|
|
1,00,000 |
|
1,00,000 |
Balance Sheets as on_____________
|
Liabilities |
31 March |
31 March |
Assets |
31 March |
31 March |
|
Share Capital |
3,00,000 |
3,80,000 |
Plant & Machinery (net) |
3,15,000 |
4,60,000 |
|
Profit & Loss a/c |
20,000 |
70,000 |
Investment |
|
50,000 |
|
Loan from Bank |
1,00,000 |
1,25,000 |
Deposit with Bank |
50,000 |
|
|
Sundry Creditors |
60,000 |
55,000 |
Stock |
45,000 |
70,000 |
|
Bills Payable |
30,000 |
40,000 |
Sundry Debtors |
65,000 |
42,500 |
|
Outstanding Expenses |
10,000 |
15,000 |
Bills Receivable |
40,000 |
45,000 |
|
Tax Liability |
15,000 |
25,000 |
Cash |
17,000 |
35,000 |
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|
|
|
Prepaid Expenses |
3,000 |
7,500 |
|
|
5,35,000 |
7,10,000 |
|
5,35,000 |
7,10,000 |