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M.34 An Aid to Accountancy—CBSE XII
Additional Information:
(i) Contingent Liability 31st March, 2018 31st March, 2017
Proposed Dividend* 12% 10%
*Proposed Dividend for financial year ended 31st March, 2017 approved by shareholders
in the year ended 31st March, 2018 is also paid in that year.
(ii) Provision for tax made during the year was ` 45,000.
(iii) Land and Building of Book Value ` 4,00,000 was sold at a profit of 10%.
(iv) The Rate of Depreciation on Plant and Machinery is 10%. Part of Machinery was
sold at book value.
(v) 10% Debentures have been issued on 31st March, 2018.
Prepare Cash Flow Statement. (6)
