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Cash Flow Statement — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyCash Flow Statement6 Marks
Question
Following are the Balance Sheets of Quick Gains Ltd.

Notes:

Additional Information:
1.
Contingent Liability
31st March, 2018
 31st March, 2017
 
 
₹
₹
 
Proposed Dividend
28,000
20,000
2.
Interest paid on long-term borrowings amounted to ₹ 8,000.
  
You are required to prepare a Cash-Flow Statement.
✓

Answer

Notes:
  1.  
Calculation of Net Profit before Tax:
₹
Reserve & Surplus Balance on 31st March, 2018
1,25,000
Less: Reserve & Surplus Balance on 3 l st March, 2017
(20,000)
 
1,05,000
Add: Proposed Dividend for Previous year
20,000
Provision for Tax made during the Current year
15,000
Net Profit before Tax
1,40,000
  1.  
  1.  

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