Compute cash from operations from the following figures (i) Profit for the year 2010-11 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000. (ii) The current assets of the business for the year ended March 31, 2010 and 2011 are as follows: ParticularsMarch 31, 2010March 31, 2010(Rs.)(Rs.)Debtors10,00012,000Provision for Doubtful Debts1,0001,200Bills Receivable4,0003,000Bills Payable5,0006,000Creditors8,0009,000Inventories5,0008,000Short Term Investments10,00012,000Outstanding Expenses1,0001,500Prepaid Expenses2,0001,000Accrued Income3,0004,000Income Received in Advance2,0001,000 Prepare of cash flow statement from summary cash account.

Compute cash from operations from the following figures (i) Profit for

1.	Compute cash from operations from the following figures (i) Profit for the year 2010-11 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000. (ii) The current assets of the business for the year ended March 31, 2010 and 2011 are as follows: ParticularsMarch 31, 2010March 31, 2010(Rs.)(Rs.)Debtors10,00012,000Provision for Doubtful Debts1,0001,200Bills Receivable4,0003,000Bills Payable5,0006,000Creditors8,0009,000Inventories5,0008,000Short Term Investments10,00012,000Outstanding Expenses1,0001,500Prepaid Expenses2,0001,000Accrued Income3,0004,000Income Received in Advance2,0001,000 Prepare of cash flow statement from summary cash account.
Answer» Compute cash from operations from the following figures (i) Profit for the year 2010-11 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000. (ii) The current assets of the business for the year ended March 31, 2010 and 2011 are as follows: $\begin{matrix} Particulars & March 31, 2010 & March 31, 2010 (Rs.) & (Rs.) Debtors & 10, 000 & 12, 000 Provision for Doubtful Debts & 1, 000 & 1, 200 Bills Receivable & 4, 000 & 3, 000 Bills Payable & 5, 000 & 6, 000 Creditors & 8, 000 & 9, 000 Inventories & 5, 000 & 8, 000 Short Term Investments & 10, 000 & 12, 000 Outstanding Expenses & 1, 000 & 1, 500 Prepaid Expenses & 2, 000 & 1, 000 Accrued Income & 3, 000 & 4, 000 Income Received in Advance & 2, 000 & 1, 000 \end{matrix}$ Prepare of cash flow statement from summary cash account.

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