Cash Flow Statment - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: Cash Flow Statment (/showthread.php?tid=7548) |
Cash Flow Statment - skystar - 03-08-2010 The comparative financial statement data for XYZ Company is given below Assets 2007 2006 Rs. Rs. Cash 4,000 7,000 Accounts Receivable 36.000 29,000 Inventory 75,000 61,000 Plant & Equipment 210,000 180,000 Accumulated Depreciation (40,000) (30,000) Total Assets 285,000 247,000 Liabilities & Stockholderâs equity Accounts Payable 45,000 39,000 Common Stock 90,000 70,000 Retained Earning 150,000 138,000 Total Liabilities & Equity 285,000 247,000 For 2007, Net Income Statement of the company is XYZ Company Income Statement For the year ended 31st December, 2007 Rs. Sales 500,000 Less Cost of Good Solds 300,000 Gros Margin 200,000 Less Operating Expense 180,000 Net Income 20,000 Required Using direct method (IAS 07), prepare a Statement of Cash Flows if dividend of Rs. 8,000 was declared and paid during 2007. There were no sales of plant and equipment during the year. - Qureshi Muhammad Zeeshan - 03-08-2010 XYZ Company Cash flow statement for the year Ended 2007 Direct Method Amount in Rs. --------------------------------------- Cash Flow from Operating Activities ================================================= Cash Received from Debtors 493,000 Cash Paid to Creditors (308,000) Cash Paid For Expenses (170,000) ---------------- Net cash flow from O.P Activities 15000 Cash Flow From Investing Activities =================================================== Purchase of plant and Equipment (30,000) ---------- Net cash flow from Investing Activities(30,000) Cash Flow from Financing Activities =================================================== Common Stock 20,000 Dividend ( 8,000) ----------- Net Cash Flow from Financing Activities 12,000 Total Net Cash Flow (3000) Add opening cash Flow 7000 ---------- Closing Cash Flow 4000 |