The net income of Blue-Sky Ltd. for the year ended March 31, 2021 was Rs. 4,89,000. Depreciation charged for the year was Rs. 87,000. Income for the year was arrived at after adjusting for gain on sale of land Rs. 1,05,000, loss on sale of equipment Rs. 48,000 and writing off cost of equity issue Rs. 25,000. The current assets and current liabilities of Blue Sky Ltd. as March 31, 2020 and 2021 are given here: 31-Mar-20 31-Mar-21 Rs. Rs. Stocks 1,85,000 1,67,000 Receivables 1,42,000 1,45,000 Prepaid Expenses 12,000 8,000 Cash in hand and at bank 17,000 32,000 Payables 95,000 1,07,000 Expenses outstanding 13,000 9,000 Bank Overdraft 60,000 80,000 Required: Calculate cash from operating activities. don't give hand written answers plz
The net income of Blue-Sky Ltd. for the year ended March 31, 2021 was Rs. 4,89,000. Depreciation charged for the year was Rs. 87,000. Income for the year was arrived at after adjusting for gain on sale of land Rs. 1,05,000, loss on sale of equipment Rs. 48,000 and writing off cost of equity issue Rs. 25,000. The current assets and current liabilities of Blue Sky Ltd. as March 31, 2020 and 2021 are given here: 31-Mar-20 31-Mar-21 Rs. Rs. Stocks 1,85,000 1,67,000 Receivables 1,42,000 1,45,000 Prepaid Expenses 12,000 8,000 Cash in hand and at bank 17,000 32,000 Payables 95,000 1,07,000 Expenses outstanding 13,000 9,000 Bank Overdraft 60,000 80,000 Required: Calculate cash from operating activities. don't give hand written answers plz
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 25BEB
Related questions
Question
The net income of Blue-Sky Ltd. for the year ended March 31, 2021 was Rs. 4,89,000.
|
|
31-Mar-20 |
31-Mar-21 |
|
Rs. |
Rs. |
|
|
Stocks |
1,85,000 |
1,67,000 |
|
Receivables |
1,42,000 |
1,45,000 |
|
Prepaid Expenses |
12,000 |
8,000 |
|
Cash in hand and at bank |
17,000 |
32,000 |
|
Payables |
95,000 |
1,07,000 |
|
Expenses outstanding |
13,000 |
9,000 |
|
Bank Overdraft |
60,000 |
80,000 |
Required: Calculate cash from operating activities.
don't give hand written answers plz
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