IAS 7 statement of cash flows question answers
| position | 2013 | 2012 |
| Retained earnings | Rs. | Rs. |
| General reserve | 1,050 | 300 |
| 525 | 420 | |
| 1,575 | 720 |
| Rs. | Rs. | |
| Dividend paid | 225 Balance b/d. | 300 |
| Transfer to reserves | 105 Net profit for year after | 1,080 |
| Bal. c/d. | 1,050 tax (Balancing figure) | |
| 1,380 | 1,380 |
| Statement of retained earnings | Rs. |
| Retained earnings, beginning of year | 300 |
| Net profit for year (balancing figure) | 1,080 |
| 1,380 | |
| Appropriations | |
| Interim dividend | 225 |
| Transfer to general reserve | 105 |
| 330 | |
| Retained earnings, end of year | 1,050 |
