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Raj Ltd. gives you the following information for the year ended 31st March, 2006: ...

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Accounting

Raj Ltd. gives you the following information for the year ended 31st March, 2006:
(i) Sales for the year 48,00,000. The Company sold goods for cash only.
(ii) Cost of goods sold was 75% of sales.
(iii) Closing inventory was higher than Opening inventory by 50,000.
(iv) Trade creditors on 31.3.2006 exceed the outstanding on 31.3.2005 by 1,00,000.
(y) Tax paid during the year amounts to 1,50,000.
(vi) Amounts paid to Trade Creditors during the year 35,50,000.
(vii) Administrative and Selling Expenses paid 3,60,000.
(viii) One new machinery was acquired in December 2005 for 6,00,000.
(ix) Dividend paid during the year 1,20,000.
(x) Cash in hand and at Bank on 31.3.200670,000.
(xi) Cash in hand and at Bank on 1.4.200550,000.
Prepare Cash Flow Statement for the year ended 31.3.2006 as per the prescribed Accounting Standard.

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