QUESTION3. Balance Sheets of Bhaskar and Soumya Corporation are given below :
QUESTION3. Balance Sheets of Bhaskar and Soumya Corporation are given below :
During the year Bhaskar and Soumya introduced additional capital of Rs. 20,000 and drew Rs. 60,000. Provision for Depreciation of Machinery – Opening Balance Rs. 2,00,000 and Closing Balance Rs. 2,20,000. No depreciation was provided on other assets. The value of Building was increased by Rs. 25,000 and the same was adjusted with Capital Account.
Prepare Cash Flow Statement as per AS-3 Indirect method.
