Q3. Calculate cash flow from operating activities from the following data: *Profits...
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Q3. Calculate cash flow from operating activities from the following data:
*Profits made during the year SAR. 145,000 after considering the following items:
Amortization of Goodwill 3,000
Depreciation of Fixed Assets 17,000
Loss on Sale of Fixed Assets 2,500
Transfer to General Reserve 15,000
The following is the position of current assets and current liabilities:
| Particulars | 31.3.07 | 31.3.08 |
| Creditors Debtors Prepaid Expenses Bills Payable | 12,000 16,200 250 5,000 | 8,200 12,000 750 7,000 |
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