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Accounting

Transcribed Image Text: The Balance Sheet of Tata motors Inc is given below 2020 Liabilities Share Capital Retained Eamings 2021 160,000 Fixed asset- Historical cost

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Posted on 
March 31st, 2022
Home Accounting Transcribed Image Text: The Balance Sheet of Tata motors Inc is given below 2020 Liabilities Share Capital Retained Eamings 2021 160,000 Fixed asset- Historical cost

Transcribed Image Text: The Balance Sheet of Tata motors Inc is given below
2020
Liabilities
Share Capital
Retained Eamings
2021
160,000 Fixed asset- Historical cost
Assets
2020
2021
100,000
152,000
200,000
70,250
85,300
Inventory
93,400
89,200
Accumulated Depreciation 60,000
40,000
Debtor
30,800
21,100
12% Bonds/debentures
Creditors
50,000
Nil
Prepaid expenses
3.950
3,000
28,000
48,000
| 28,100
20,000
Bank
308,250
333,300
308,250
333,300
Additional Information
a) Net profit is 27,050.
b) Depreciation charged 10,000.
c) Cash dividend declared during the period Rs. 12,000
d) An addition to the building was made during the year at a cost of Rs. 78,000 and fully
depreciated equipment costing Rs. 30,000 was discarded as no salvage being
realized.
Prepare Statement of Cash flows showing Operating, Investing and financing activities
separately.

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