On 31 March 2011 Y Ltd. made a profit of Rs.1,25,000 after considering the following.
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Depreciation on Billings Don't use plagiarized sources. Get Your Custom Essay on
on 31 march 2011 y ltd made a profit of rs 1 25 000 after considering the following 609914
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Rs.25,000 |
|
Depreciation on Plant and |
Rs.45,000 |
|
Machinery |
|
|
Amortization or Goodwill |
Rs.20,000 |
|
Gain on Sale of Machinery |
Rs.10,000 |
The Current Assets and Current Liabilities:
|
1.4.2010 |
31.3.2011 |
|
|
Accounts Receivable |
35,000 |
45,000 |
|
Stock on Hand |
75,000 |
69,000 |
|
Cash on Hand |
18,000 |
30,000 |
|
Accounts Payable |
30,000 |
32,000 |
|
Expenses Payable |
10,000 |
5,000 |
|
Bank Overdraft |
60,000 |
35,000 |
Ascertain Cash Flow from Operating Activities
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