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Calculate cash flows from operating activities from the following information. Working Notes: 1.Other Income = Profit on Sale of Machinery (Rs 2,000 ) + Income Tax Refund (Rs 3,000) = Rs 5,00 2.Depreciation and Amortisation Expenses= Depreciation (Rs 5,000) + Goodwill Amortised (Rs 2,000)Other Expenses=Rent (Rs 10,000) + Loss on Sale of Equipment (Rs 3,000) + Provision for Taxation (Rs 8,000)ltbrge = Rs 21,000 Additional Information: |
Answer» Solution :  Working Notes: 1. Net profit before taxation & extraordinary ITEM = RS 2,000 + Rs 8,000 – Rs 3,000= Rs 7,000 2. Income tax paid during the year has been ascertained by PREPARING provision for taxation ACCOUNT as follows: 
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