Cash flow statements
This query is : Resolved
07 September 2013
Cash sales for the yr were 10 lakhs and sales on account 12 L(lakhs).
Payments on accounts payable for inventory totaled 7.8L.
Collection against accounts recb were 7.6L
Rent paid in cash 2.2L,o/s rent being 0.20L
4L equity sh of rs 10 par issued 48L
Equipments was purchased for cash 16.8L
divd amountg to 10L was declared but yet to be paid
4L of divd declared in the PY were paid.
equipment having a BV of 1.6L were sold for 2.4L
the cash account was increased by 37.2L
Cash flow statement under direct method
My answer is 2.8L. just wanted to know how is the formating and is my ans correct.
Thanks in advn.
Payments on accounts payable for inventory totaled 7.8L.
Collection against accounts recb were 7.6L
Rent paid in cash 2.2L,o/s rent being 0.20L
4L equity sh of rs 10 par issued 48L
Equipments was purchased for cash 16.8L
divd amountg to 10L was declared but yet to be paid
4L of divd declared in the PY were paid.
equipment having a BV of 1.6L were sold for 2.4L
the cash account was increased by 37.2L
Cash flow statement under direct method
My answer is 2.8L. just wanted to know how is the formating and is my ans correct.
Thanks in advn.
08 September 2013
If u r done with direct method then no any trick for that to find it is correct or not.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
