at the end of the accounting year the company sends all the cash in hand to the bank 609940

Uncategorized

Nee Ltd. had the following figures as on 1 April 2010:

	Rs. Don't use plagiarized sources. Get Your Custom Essay on at the end of the accounting year the company sends all the cash in hand to the bank 609940 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page Order Essay
Fixed Assets—Cost	18,00,000
Less: Depreciation	6,30,000
	11,70,000
Bank Balance	1,05,000
Current Assets,	7,50,000
other than Bank Balance
Current Liabilities	3,00,000
Capital (Shares of 10 Each)	12,00,000

The company made the following estimates:

The profit would be Rs.1,74,000 after depreciation of Rs.1,80,000.
The company will acquire fixed assets costing Rs.3,00,000 after selling one machine for Rs.60,000 costing Rs.1,50,000 and on which depreciation provided will amount to Rs.1,05,000.
Current assets and current liabilities, other than bank balance, at the end of March 2011 are expected to be Rs.8,85,000 and Rs.3,90,000, respectively.
The company will pay dividend of 10% and corporate dividend tax thereon of 11%.

At the end of the accounting year, the company sends all the cash in hand to the bank. Prepare a cash flow statement for the year ended on 31 March 2011 and estimate the bank balance or overdraft as on that date.

Continue to order Get a quote

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.