prepare cash flow statement Following are the extracts from the Balance Sheet of ABC Ltd.Liabilities31.3.2020Equity Share Capital10% Preference Share CapitalSecurities Premium AccountProfit & Loss A/cEquity Share Capital for the year ended 31st March, 2021 'includesLtd at par for supply of Machinery of 60,000.25,00,0007,00,0005,00,00020,00,00031.3.202135,60,0006,00,0005,50,00028,00,00060,000 of equity shares issued to GreyProfit & Loss account on 31st March, 2021 includes 50,000 of dividend received on Equity shares investedin X Ltd Show how the related items will appear in the Cash Flow Statement of ABC Ltd. as per AS-3

The cash flow statement is prepared at the end of the period to know the cash position. It reflects…

Following are the extracts from the Balance Sheet of ABC Ltd. Liabilities 31.3.2020 Equity Share Capital 10% Preference Share Capital Securities Premium Account Profit & Loss A/c 25,00,000 7,00,000 5,00,000 20,00,000 31.3.2021 35,60,000 6,00,000 5,50,000 28,00,000 Equity Share Capital for the year ended 31st March, 2021 'includes 60,000 of equity shares issued to Grey Ltd at par for supply of Machinery of 60,000.

Following are the extracts from the Balance Sheet of ABC Ltd. Liabilities 31.3.2020 Equity Share Capital 10% Preference Share Capital Securities Premium Account Profit & Loss A/c 25,00,000 7,00,000 5,00,000 20,00,000 31.3.2021 35,60,000 6,00,000 5,50,000 28,00,000 Equity Share Capital for the year ended 31st March, 2021 'includes 60,000 of equity shares issued to Grey Ltd at par for supply of Machinery of 60,000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 76E

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