Question
Following are the summary of cash transactions extracted from the books of AB Ltd.:
| Rs. | |
| Balance on 1-07-2016 | 35,000 |
| Receipts from customers | 27,83,000 |
| Issue of shares | 3,00,000 |
| Sale of fixed Assets | 1,28,000 |
| 32,46,000 |
| Rs. | |
| Payments to suppliers | 20,47,000 |
| Payment for fixed assets | 2,30,000 |
| Payments for overheads | 1,15,000 |
| Salaries | 69,000 |
| Income-Tax | 2,43,000 |
| Dividends paid | 80,000 |
| Repayment of Bank Loan | 2,50,000 |
| 30,34,000 |
Prepare a cash flow statement of the company for the year ended 30th June, 2017 in accordance with AS-3 (revised) by direct method.
Answer :
Word Count : 470
To prepare a cash flow statement for AB Ltd. for the year ended 30th June, 2017 using the direct method, we need to categorize the transactions into operating activities, investing activities, and financing activities. The cash flow statement is split into three parts: ### 1. Operating Activities: Operating activities include cash inflows and outflows related to the company’s core business operations. #### Cash Inflows: - Receipts from customers: Rs. 27,83,000 #### Cash Outflows: - Payments to suppliers: Rs. 20,47,000 - Payments for overheads: Rs. 1,15,000 - Salaries: Rs. 69,000 - Income-tax: Rs. 2,43,000 - Dividends paid: Rs. 80,000 #### Total Operating Cash Flow: \[ \text{Operating Cash Flow} = \text{Cash Inflows} - \text{Cash Outflows} \] \[ \text{Operating Cash __________ ____ _______ ____ ___ ___ ______ ____ ___.
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To prepare a cash flow statement for AB Ltd. for the year ended 30th June, 2017 using the direct method, we need to categorize the transactions into operating activities, investing activities, and financing activities. The cash flow statement is split into three parts: ### 1. Operating Activities: Operating activities include cash inflows and outflows related to the company’s core business operations. #### Cash Inflows: - Receipts from customers: Rs. 27,83,000 #### Cash Outflows: - Payments to suppliers: Rs. 20,47,000 - Payments for overheads: Rs. 1,15,000 - Salaries: Rs. 69,000 - Income-tax: Rs. 2,43,000 - Dividends paid: Rs. 80,000 #### Total Operating Cash Flow: \[ \text{Operating Cash Flow} = \text{Cash Inflows} - \text{Cash Outflows} \] \[ \text{Operating Cash __________ ____ _______ ____ ___ ___ ______ ____ ___.
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