prepare the cash flow statement from the comparative balance sheet of pp enterprises 610188
Prepare the cash flow statement from the comparative balance sheet of PP Enterprises Ltd shown in Additional Information on PP Enterprises: During the year 2010, a plant costing INR 1,00,000 was sold off for INR 20,000. Accumulated depreciation on this plant was INR 60,000. Loss on sale of plant was charged to profit and loss account. Taxation paid for year 2009 was INR 120,000.
Table 3.22 Comparative balance sheet of PP Enterprises Ltd
|
Assets |
|
2010 |
|
2009 |
Assets |
2010 |
2009 |
|
Property |
|
4,00,00 |
|
5,00,000 |
Equity capital at INR20 |
6,00,000 |
8,00,000 |
|
Plant machinery |
8,00,000 |
|
9,00,000 |
|
Share premium |
– |
20,000 |
|
Less: Depreciation |
2,80,000 |
5,20,000 |
3,00,000 |
6,00,000 |
Profit and loss appropriations account |
2,00,000 |
2,00,000 |
|
Loan give to other company |
|
– |
|
30,000 |
Profit for the year |
|
4,00,000 |
|
Equity holding in other company |
|
40,000 |
|
40,000 |
6% debentures |
3,00,000 |
2,00,000 |
|
Inventory |
|
2,80,000 |
|
3,00,000 |
Profit on debenture redemption |
– |
4,000 |
|
Debtors |
|
2,00,000 |
3,00,000 |
6,00,000 |
Sundry creditors |
2,80,000 |
2,20,000 |
|
Bank |
|
70,000 |
|
3,14,000 |
Taxation provision |
1,00,000 |
2,00,000 |
|
|
|
|
|
|
Proposed dividend |
30,000 |
40,000 |
|
|
|
15,10,000 |
|
20,84,000` |
|
15,10,000 |
20,84,000` |