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From the following Summary Cash Account of X Ltd. prepare Cash Flow Statement for the year ended 31st March, 2006 in accordance with AS 3 using the direct method. The company does not have any cash equivalents.

Summary Cash Account for the year ended 31.3.2006
Rs. %u2019000
Balance on 1.4.2005 50
Payment to Suppliers 2,000
- Issue of Equity Shares 300
Purchase of Fixed Assets 200
- Receipts from Customers 2,800
Overhead expense 200
- Sale of Fixed Assets 100
Wages and Salaries 100
- Taxation 250
- Dividend 50
- Repayment of Bank Loan 300
- Balance on 31.3.2006 150

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9958472

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