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.
Sandip R Lathiya
(Expert)
08 September 2013
If u r done with direct method then no any trick for that to find it is correct or not.
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