On 31 March 2011 Y Ltd. made a profit of Rs.1,25,000 after considering the following.
| 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 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | 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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