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Question: You are required to prepare Funds Flow Statement and Cash Flow Statement for the year ending 31st March 2015, based on the information given below.
(As on 31st March)
Profit from operations after providing Rs. 10,000 as depreciation on building and Rs. 10,000 on machinery and Rs.
5,000 as amortization on Patents for the year ‘April 14 – March 15’ was Rs.
35,000. Other revenues for the year were Rs. 40,000. An old machine with original cost of Rs. 15,000 was sold at a loss of Rs. 5,000.
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