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Following are the Balance Sheet of Quick Gains Ltd-Particulars NoteNo. 31.03.12 31.03.2011I--Equity and liabilities-1-Shareholder’s Funda –share capital 2,00,000 2,00,000b-Reserve and surplus 1,25,000 20,0002- Non-current liabilitiesLong term borrowings 75,000 50,0003-Current liabilities: a-Trade payable 36,000 70,000b-Short term provision 1 43,000 30,000TOTAL 4,79,000 3,70,000II-ASSETS1- Non- Current Assets Fixed Assets 2 3,23,000 1,84,0002- Current Assets a-Inventory 72,000 50,000 b-Trade Receivables 51,000 75,000 c-Cash and Cash Equivalents 33,000 59,000 d-Other Current Assets 3 ------- 2,000TOTAL 4,79,000 3,70,000 31.03.2012 31.03.2011NOTES-(1)Short Term ProvisionProvision for tax 15,000 10,000Proposed Dividend 28,000 20,000 43,000 30,000(2) Fixed Assets 3,75,000 2,20,000 Less Accumulated Depreciation 52,000 36,000 3,23,000 1,84,000(3)Other Current Assets; Prepaid Expenses ____ 2,000Additional information:Interest paid on long term borrowings amounted to Rs 8,000.You are required to prepare a cash flow statement. |
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Answer» Answer: no idea about the answer |
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