Financial Accounting and Analysis - Wildcat Ltd - Cash Flow Statement - Accounting and Finance Assignment Help

Assignment Task:
 

Accounting and Finance Assignment Help

1. Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year-end. The company had purchased the machinery four years back for Rs 15 lacs and had depreciated the same using written down value method of depreciation @ 20%. As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four years, accumulated depreciation for four years and profit/loss on sale, if any.

2. Mr. Shil Wants to record the financial transactions of his newly started business. Discuss what accounting steps/stages he need to adhere so that the transactions can be duly recorded and processed in order to prepare the financial statements.

b. Prepare the cash flow statement from investing activities of Alpha Creative Ltd for the year ended March31, 2019

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