Question - 07

The statement of profit and loss of Deneva Ltd. for show a net profit of Rs. 1,60,000 after tax for the year ended 31st March 2018 the following informations is given to you are required to calculate cash flow from the operating Activities :

Provision for tax Rs. 22,000,

Proposed Dividend Rs. 32,000, 

Depreciation on fixed Assets Rs. 30,000,

Gain on sale of furniture Rs. 18,000,

Interest Received on investment Rs. 4,000,

Profit on sale of patents Rs. 6,000,

Insurance claim Received for Damage of goods Rs. 15,000,

Income tax paid Rs. 24,000,

Refurnd of income tax Rs. 2,000.

Additional Information :

31.03.2018 : 

Trade receivable Rs. 1,41,000, 

Prepaid exp. Rs. 18,000, 

Trade payable Rs. 47,000.

Inventories Rs. 88,000, 

Outstanding exp. Rs. 23,000. 

31.03.2017 : 

Trade receivable Rs. 1,52,000, 

Prepaid exp. Rs. 10,000, 

Trade payable Rs. 61,000,

 Inventories Rs. 89,000,

Outstanding exp. Rs. 21,000.

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