Question - 11

Compute cash from operations from the following figures :

  1. Profit for the year 2014-15 is a sum of Rs. 10,000 after providing for depreciation of Rs. 2,000.
  2. The current assets of the business for the year ended march 31,2014 and 2015 are as ahead:
31.03.2014
Trade Receivable Rs. 14,000,
Provision for doubtful debts Rs. 1,000,
Trade payables Rs. 13,000,
Inventories Rs. 5,000,
Other current Assets Rs. 10,000,
Expenses payable Rs. 1,000,
Prepaid Expenses Rs. 2,000,
Accured income Rs. 3,000,
Income received in advance Rs. 2,000. 

31.03.2015
Trade Receivable Rs. 15,000,
Provision for doubtful debts Rs. 1,200,
Trade payables Rs. 15,000,
Inventories Rs. 8,000,
Other current Assets Rs. 12,000,
Expenses payable Rs. 1,500,
Prepaid Expenses Rs. 1,000,
Accured income Rs. 4,000,
Income received in advance Rs. 1,000. 
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