Cash flow statement required

[ankitbaphna]

I am not able to prepare cash flow from below details, can you please guide me here. Are below details enough to find cash flow?

Liabilities
2006
Equity share capital 2,00,000
Profit & Loss 1,60,000
Bank Loan 1,00,000
Acc. Depreciation 80,000
Creditor 1,40,000
Proposed dividend 60,000

2007
Equity share capital 3,00,000
Profit & Loss 2,00,000
Bank Loan 80,000
Acc. Depreciation 1,00,000
Creditor 1,20,000
Proposed dividend 70,000

Assets
2006
Fixed Assets 4,00,000
Stock 1,30,000
Debtors 1,00,000
Bills Receivable 20,000
Bank 90,000

2007
Fixed Assets 6,00,000
Stock 1,50,000
Debtors 60,000
Bills Receivable 30,000
Bank 30,000

 

[bklynboy]

First, Accumulated Depreciation is a contra asset and not a liability. You will have to do a cash flow using the indirect method which starts with the P&L for 2007 and subtracts any non cash income statement items. You then take the change in the assets/liabs/equity accounts to get ending cash. I have done this for you but going forward please take a shot as you will get more of an understanding that way.