Charles Ltd. earned profit of ₹ 1,00,000 after charging depreciation of ₹ 20,000 on assets and a transfer to General Reserve of ₹ 30,000
Charles Ltd. earned profit of ₹ 1,00,000 after charging depreciation of ₹ 20,000 on assets and a transfer to General Reserve of ₹ 30,000. Goodwill amortised was ₹ 7,000 and gain on sale of machinery was ₹ 3,000.
Other information available is (Changes in the value of Current Assets and Current Liabilities) Trade Receivables showed an increase of ₹ 3,000; Trade Payables an increase of ₹ 6,000; Prepaid Expenses an increase of ₹ 200; and Outstanding Expenses a decrease of ₹ 2,000. Ascertain Cash Flow from Operating Activities.
Anurag Pathak Changed status to publish November 28, 2023