Page 242 - DMGT202_COST_AND_MANAGEMENT_ACCOUNTING

Unit 13: Cash Flow Analysis (As Per AS-3)

Notes
Outstanding expenses at the beginning 24,000 3,69,000
26,69,000
Less: Creditors at the end 2,34,000
Stock at the beginning 2,64,000
Advances at the beginning 7,800
Outstanding expenses at the end 48,000 5,53,800
21,15,200
(iii) Income tax paid:
Tax payable at the beginning 12,000
Add: Provision for taxation 88,000
1,00,000
Less: Tax payable at the end 13,200
Tax paid during the year 86,800
(iv) Accumulated depreciation written off on equipments (sold)
Accumulated depreciation at the beginning 1,20,000
Add: Depreciation for the year 60,000
1,80,000
Less: Accumulated depreciation at the end 1,32,000
48.000
(v) Sale price of equipment:
Cost price 72,000
Less: Accumulated depreciation 48,000
24,000
Add: Profit on sale 12,000

36,000
(vi) Purchase of building and equipments:
Balance at the beginning 3,60,000
Less: Cost of equipment sold 72,000
Balance 2,88,000
Balance at the end 5,76,000
Purchased during the year 2,88.000
Indirect Method
SLV Limited
Cash Flow Statement for the year ended 31.3.2007

Particulars Dr. Cr.
Cash Flows from Operating Activities: ` `

Net profit before taxation and extra-ordinary item 1,60,000
Adjustments for:
Depreciation 60,000
Operating profit before working capital changes 2,20,000

Contd...

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