From the following summary of Cash Account of X Ltd.

, prepare
Cash Flow Statement for the year ended 31st March 2007 in
accordance with AS-3 using the direct method. The company does
not have any cash equivalents.
Prepare Cash Flow Statement of Suryan Ltd. from the
following:

(a) During 2006, the business of a sole trader was purchased by

issuing shares for Rs. 2, 00,000. The assets acquired from him
were: Goodwill Rs. 20,000, Machinery Rs. 1, 00,000, Stock Rs.
50,000 and Debtors Rs. 30,000.

(b) Provision for tax charged in 2006 was Rs. 35,000.

(c) The debentures were issued at a premium of 5% which is

included in the retained earnings.

(d) Depreciation charged on machinery was Rs. 30,000.

From the following Balance Sheets of Exe Ltd. make-out
Cash Flow Statement:

(a) Depreciation of Rs. 10,000 and Rs. 20,000 have been charged
on Plant and Land and Buildings in 2004.

(b) An interim dividend of Rs. 20,000 has been paid in 2004.

(c) Rs. 35,000 Income tax was paid during 2004.