2. From the summary cash account of X Ltd. prepare the Cash Flow Statement for the year ended 31st March, 2020 by Direct Method. CASH BOOK Dr. for the year ended March 31,2020 Cr. Particulars SAR. Particular SAR. 20,00,000 3,00,000 | By Purchased of Fixed Assets 2,00,000 2,00,000 1,00,000 2,50,000 50,000 By Re payment of Bank Loan | 3,00,000 By Balance on March 31, 2020 1,50,000 50,000 By Payment to Suppliers To Balance on April 1, 2019 To Issue of Equity Shares To Receipts from Customers To Sale of Fixed Assets 28,00,000 By Overhead Expenses 1,00,000 By Wages and Salaries By Income Tax Paid By Dividend Paid 32,50,000 132,50,000

2. From the summary cash account of X Ltd. prepare the Cash Flow Statement for the year ended 31st March, 2020 by Direct Method. CASH BOOK Dr. for the year ended March 31,2020 Cr. Particulars SAR. Particular SAR. 20,00,000 3,00,000 | By Purchased of Fixed Assets 2,00,000 2,00,000 1,00,000 2,50,000 50,000 By Re payment of Bank Loan | 3,00,000 By Balance on March 31, 2020 1,50,000 50,000 By Payment to Suppliers To Balance on April 1, 2019 To Issue of Equity Shares To Receipts from Customers To Sale of Fixed Assets 28,00,000 By Overhead Expenses 1,00,000 By Wages and Salaries By Income Tax Paid By Dividend Paid 32,50,000 132,50,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...

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