Financial Accounting and AnalysisTU Board 2081
The income statement and other related information have been provided below: Income Statement for the year end 2080ParticularsRs.Sales revenue7,00,000Less: Cost of goods sold4,00,000Gross…
15The income statement and other related information have been provided below: Income Statement for the year end 2080ParticularsRs.Sales revenue7,00,000Less: Cost of goods sold4,00,000Gross margin3,00,000Less: Operating expenses:Office rent, rates and salaries77,000Depreciation on machinery75,000Premium on redemption of Debentures5,000Interest on debenture15,000Provision for taxation20,000Total operating expenses192,000Net income before other income108,000Add: Profit on sale of plant (Book value 30,000)12,000Net income120,000Less: Provision for dividend20,000Retained earnings100,000Other Balance Sheet Items:Baishakh 1, 2080Chaitra 30, 2080Share Capital3,00,0005,00,000Retained earnings30,000130,0005% Debenture150,000100,000Accounts payable30,00020,000Outstanding salaries10,0005,000Provision for taxation30,00020,000Provision for dividend20,00030,000Property, Plant & Equipment (net)3,50,000500,000Investment at cost50,0001,00,000Inventories40,00030,000Accounts receivable60,00040,000Marketable securities30,00020,000Cash at bank20,00030,000Required: Cash flow statement [6+3+4+2=15]
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