The Balance MLL Liabilities
Ordinary share capital..
Share premium
Retained earnings
Preference share capital
Bills payable..
mpany as on Chaitra 31st, are as follows:
Previous
Current
Assets
year
year
4,00,000 5,00,000 Goodwill
1,50,000
1,60,000 Fixed assets,
1,00,000
1,50,000 Inventories
1,00,000 50,000 Bills receivable
1,50,000 1,90,000 Bank balance
9,00,000 10,50,000 Total
Previous
year
1,00,000
5,00,000
50,000
1,50,000
1,00,000
9,00,000
Current
year
50,000
7,50,000
1,00,000
1,00,000
50,000
10,50,000
Total
Additional information:
Sales for current year Rs. 5,00,000
i.
ii.
Cost of goods sold Rs. 3,80,000
Cash operating expenses Rs. 1,00,000
iv. Fixed assets costing Rs. 50,000 sold for Rs. 40,000
Fixed assets purchased for Rs. 1,70,000
V.
Dividend distributed Rs. 30,000
ví.
vii. Preference shares redeemed with Rs. 10,000 premium.
Required: Cash flow statement using direct method.​