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122 Corporate Finance BRILLIANT’S

2.2.2. Balance Sheet of M/s Right and Left as on 1-1-2017 and 1-1-2018 are as follows:
Balance Sheets

Liabilities Amount Amount Assets Amount Amount
(`) (`) (`) (`)
1-1-17 1-1-18 1-1-17 1-1-18
Creditors 40,000 44,000 Cash 10,000 7,000
M/s. Left Loan 25,000 – Debtors 30,000 50,000
Loan from Bank 40,000 50,000 Stock 35,000 25,000
Capital 1,25,000 1,53,000 Machinery 80,000 55,000
Land 40,000 50,000
Building 35,000 60,000
2,30,000 2,47,000 2,30,000 2,47,000

During the year a machine costing ` 10,000 (accumulated depreciation ` 3,000) was sold
for ` 5,000. The provision for depreciation against machinery as on 1-1-17 was ` 25,000
and on 1-1-18 was ` 40,000. Net Profit for the year 2014 amounted to ` 45,000.
You are required to prepare Cash Flow Statement.
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