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प्रश्न
Calculate Net Profit before Tax and Extraordinary Items of Premier Sales Ltd. from its Balance Sheet as at 31st March, 2019:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders' Funds: | |||
| (a) Share Capital | 5,00,000 | 5,00,000 | |
| (b) Reserves and Surplus (Surplus, i.e.,Balance in Statement of Profit and Loss) |
2,00,000 | 1,45,000 | |
| 2. Current Liabilities: | |||
| (a) Trade Payables | 90,000 | 50,000 | |
| (b) Other Current Liabilities | 20,000 | 10,000 | |
| (c) Short-term Provisions | 1 | 50,000 | 30,000 |
| Total | 8,60,000 | 7,35,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets: | |||
| (a) Fixed Assets | 4,50,000 | 4,00,000 | |
| (b) Non-Current Investments | 50,000 | 1,50,000 | |
| 2. Current Assets: | 2,60,000 | 1,85,000 | |
| Total | 8,60,000 | 7,35,000 |
Notes to Accounts:
| Particulars | 31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Short-term Provisions: | ||
| Provision for Tax | 50,000 | 30,000 |
Additional Information:
(i) Proposed Dividend for the years ended 31st March 2018 and 2019 are ₹ 50,000 and ₹ 75,000 respectively.
(ii) Interim Dividend paid during the year was ₹ 10,000.
उत्तर
| Particulars | Amount (₹) |
| Profit as per Statement of Profit and Loss (2,00,000 – 1,45,000) | 55,000 |
| (+) Provision for Taxation | 50,000 |
| (+) Proposed Dividend | 50,000 |
| (+) Interim Dividend Paid | 10,000 |
| Profit Before Taxation and Extraordinary Items | 1,65,000 |
APPEARS IN
संबंधित प्रश्न
Following is the extract from the Balance Sheet of Zee Ltd.
| Particular | 31st March 2019 (₹) |
31st March 2018 (₹) |
| Equity Share Capital | 8,00,000 | 8,00,000 |
| 10% Preference Share Capital | 6,00,000 | 6,00,000 |
| Surplus i.e., Balance in Statement of Profit and Loss | 7,20,000 | 4,00,000 |
| Unpaid Dividend | 20,000 | − |
Additional Information:
- Proposed dividends on equity shares for the years 2017-18 and 2018-19 are ₹ 1,60,000 and ₹ 2,00,000, respectively.
- An Interim Dividend of ₹ 40,000 on Equity Shares was paid.
Calculate Net Profit before Tax and Extraordinary Items.
From the following information, calculate Operating Profit before Working Capital Changes:
| ₹ | |
| Net Profit before Tax and Extraordinary Items | 4,47,000 |
| Depreciation on Machinery | 84,000 |
| Interest on Borrowings | 16,800 |
| Goodwill Amortised | 18,600 |
| Loss on Sale of Furniture | 18,000 |
| Premium on Redemption of Preference Shares | 6,000 |
| Gain (Profit) on Sale of Investments | 12,000 |
| Interest and Dividend Received on Investments | 27,600 |
From the following Balance Sheet of Double Tree Ltd. as at 31st March, 2019 and additional information, calculate Operating Profit before Working Capital Changes:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
|
5,00,000 | 5,00,000 |
|
(b) Reserves and Surplus |
1 | 6,70,000 | 5,00,000 |
|
2. Current Liabilities |
|||
|
(a) Trade Payables |
60,000 | 50,000 | |
|
(b) Other Current Liabilities (Outstanding Expenses) |
20,000 | 15,000 | |
|
(c) Short-term Provisions (Provision for Tax) |
|
1,00,000 | 90,000 |
|
Total |
13,50,000 | 11,55,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets (Tangible) |
7,50,000 | 7,30,000 | |
|
(b) Non-Current Investments |
2,50,000 | 3,00,000 | |
|
2. Current Assets |
3,50,000 | 1,25,000 | |
|
Total |
13,50,000 | 11,55,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Reserve and Surplus | ||
|
General Reserve |
5,00,000 | 4,00,000 |
|
Surplus, i.e., Balance in Statement of Profit and Loss |
1,70,000 | 1,00,000 |
|
|
6,70,000 | 5,00,000 |
Additional Information: Depreciation for the year was ₹75,000.
Calculate Cash Flow from Operating Activities from the following information.
|
Particular |
31st March 2017 (Rs) |
| Net Profit (Difference between Closing and Opening Balance of Surplus, i.e., Balance in Statement of Profit and Loss) |
8,00,000 |
| Final Dividend paid in the year | 1,10,000 |
| Compensation for Natural Disaster credited to Statement of Profit and Loss | 75,000 |
| Depreciation | 1,50,000 |
| Loss on Sale of Investment | 30,000 |
| Gain (Profit) on Sale of Land | 90,000 |
| Provision for Tax | 1,10,000 |
| Dividend Received | 20,000 |
| Decrease in Current Assets (Other than Cash and Cash Equivalents) | 40,000 |
| Increase in Current Liablilities | 70,000 |
| Decrease in Current Liabilities | 10,000 |
| Increase in Current Assets (Other than Cash and Cash Equivalents) | 60,000 |
| Income Tax Refund | 10,000 |
| Income Tax Paid |
1,20,000 |
Following information is related to ABC Ltd.:
STATEMMENT OF PROFIT AND LOSSfor the year ended 31st March, 2019
|
Particulars |
Note No. |
(₹) |
|
I. Revenue from Operations (Net Sales) |
30,00,000 | |
| II. Other Income | 1 | 45,000 |
|
III. Total Revenue (I + II) |
30,45,000 | |
| IV. Expenses : | ||
|
(a) Purchases of Stock-in-Trade |
23,03,000 | |
|
(b) Change in Inventories of Stock-in-Trade |
2 | (16,000) |
|
(c) Depreciation and Amortisation Expenses |
1,85,000 | |
|
(d) Other Expenses |
3 | 3,29,000 |
|
Total Expenses |
28,01,000 | |
| V. Profit before Tax (III − IV) | 2,44,000 | |
|
VI. Less: Provision for Tax |
64,000 | |
|
VII. Profit after Tax (V – VI) |
1,80,000 |
Notes to Accounts
|
Particulars |
₹ |
| 1. Other Income | |
| (a) Dividend Received |
5,000 |
| (b) Gain (Profit) on Sale of Plant |
40,000 |
|
45,000 |
|
| 2. Change in Inventories of Stock-in-Trade | |
| Opening Inventories |
2,84,000 |
| Less: Closing Inventories |
3,00,000 |
|
(16,000) |
|
| 3. Other Expenses | |
| (a) Office Expenses |
58,000 |
| (b) Selling Expenses |
2,35,000 |
| (c) Loss on Sale of Assets |
36,000 |
|
3,29,000 |
| Other Information: | Balance as on 31st March, 2019 (₹) |
Balance as on 31st March, 2018 (₹) |
| Trade Payables | 2,78,000 | 2,50,000 |
| Trade Receivables | 4,52,000 | 4,15,000 |
| Inventories | 3,00,000 | 2,84,000 |
| Office Expenses Outstanding | ... | 5,000 |
| Selling Expenses Outstanding | 25,000 | 22,000 |
Calculate Cash Flow from Operating Activities.
Compute Cash Flow from Operating Activities from the following:
|
Particulars |
Closing Balances (₹) | Opening Balances (₹) |
| Surplus, i.e., Balance in Statement of Profit and Loss | 65,000 | 60,000 |
| Trade Receivables: | ||
|
Debtors |
67,000 | 1,02,000 |
|
Bills Receivable |
1,03,000 | 62,000 |
| General Reserve | 2,37,000 | 2,02,000 |
| Provision for Depreciation | 30,000 | 20,000 |
| Outstanding Expenses | 12,000 | 30,000 |
| Goodwill | 70,000 | 80,000 |
An asset costing ₹ 40,000 having book value of ₹ 28,000 was sold for ₹ 36,000.
Mars Ltd. has Plant and Machinery whose written down value on 1st April, 2017 was ₹9,60,000 and on 31st March, 2018 was ₹10,50,000. Depreciation for the year was ₹35,000. In the beginning of the year, a part of plant was sold for ₹45,000 which had a written down value of ₹30,000.
Calculate Cash Flow from Investing Activities
From the following extracts of a company, calculate Cash Flow from Investing Activities:
|
Particular |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| Goodwill |
75,000 |
1,00,000 |
| Patents | 1,00,000 | 75,000 |
| Land | 90,000 | 1,00,000 |
| Furniture | 2,46,000 | 21,000 |
| Plant and Machinery (Net) | 2,00,000 | 2,00,000 |
| 10% Investments | 1,80,000 | 2,00,000 |
| Accrued Interest on Investments |
6,000 |
... |
Calculate Cash Flow from Investing Activities from the following information:
|
Particular |
31st March, (₹) |
31st March, |
| Investment in Land |
3,00,000 |
3,00,000 |
| Shares in Damodar Ltd. | 1,50,000 | 1,50,000 |
| 12% Long-term Investments | 80,000 | 50,000 |
| Plant and Machinery | 7,50,000 | 6,00,000 |
| Patents | 70,000 | 1,00,000 |
| Goodwill |
1,50,000 |
1,00,000 |
Additional Information:
1. A piece of land was purchased as an investment out of surplus. It was let out for commercial purpose and the rent received was ₹ 20,000.
2. Dividend received from Damodar Ltd. @ 12%.
3. Patents written off to the extent of ₹ 20,000. Some patents were sold at a profit of ₹ 10,000.
4. A machine costing ₹ 80,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 35,000. Depreciation charged during the year was ₹ 70,000.
5. During the year 12% investments were purchased for ₹ 1,00,000 and some investments were sold at a profit of ₹ 10,000. Interest on investments for the year was duly received.
From the following information, calculate Cash Flow from Investing Activities:
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| Machinery (At cost) | 5,50,000 | 5,00,000 |
| Accumulated Depreciation | 1,70,000 | 1,00,000 |
During the year, a machinery costing ₹ 50,000 (accumulated depreciation provided thereon ₹ 20,000) was sold for ₹ 26,000.
From the following particulars, calculate Cash Flow from Investing Activities
|
Particulars |
Purchased (₹) | Sold (₹) |
| Machinery | 6,20,000 | 2,00,000 |
| Investments | 2,40,000 | 80,000 |
| Goodwill | 1,00,000 | ... |
| Patents | ... | 1,50,000 |
Additional Information:
1. Interest received on debentures held as investment ₹ 8,000.
2. Interest paid on debentures issued ₹ 20,000.
3. Dividend received on shares held as investment ₹ 20,000.
4. Dividend paid on Equity Share Capital ₹ 30,000.
5. A plot of land was purchased out of the surplus funds for investment purposes and was let out for commercial use. Rent received ₹ 50,000 during the year.
From the following information, calculate Cash Flow from Financing Activities:
| 1st April, 2018 (₹) |
31st March, 2019 (₹) |
|
| Long-term Loan | 2,00,000 | 2,50,000 |
During the year, the company repaid a loan of ₹1,00,000.
From the following information, calculate Cash Flow from Financing Activities:
|
Particulars |
31st March, (₹) |
31st March, |
| Equity Share Capital |
10,00,000 |
9,00,000 |
| Securities Premium Reserve | 2,60,000 | 2,50,000 |
| 12% Debentures |
1,00,000 |
1,50,000 |
Additional Information:
Interest paid on debentures ₹ 18,000.
From the following information, calculate Cash Flow from Investing and Financing Activities:
|
Particulars |
31st March 2019 |
31st March 2018 |
| Machinery (At cost) |
50,000 |
40,000 |
| Accumulated Depreciation | 12,000 | 10,000 |
| Capital | 35,000 | 30,000 |
| Bank Loan |
... |
10,000 |
During the year, a machine costing ₹ 10,000 was sold at a loss of ₹ 2,000. Depreciation on machinery charged during the year amounted to ₹ 6,000.
Read the following hypothetical text and answer the question given below on the basis of the same:
Aditi, initiated her start-up Fizz Ltd. in 2019, ‘Fizz Ltd. is an organic juice extracting unit. Its profits are increasing year-after-year because of the increasing awareness towards health.
Following information has been extracted from the Balance Sheet of ‘Fizz Ltd.” for the year ended 31" March, 2022:
| 31st March, 2022 | 31st March, 2021 | |
| Equity Share Capital | 90,00,000 | 60,00,000 |
| 11 % Debentures | 30,00,000 | 50,00,000 |
| Machinery (at cost) | 28,00,000 | 20,00,000 |
| Accumulated Depreciation on Machinery | 90,000 | 60,000 |
Additional Information:
- During the year, a machine costing ₹ 4,00,000 was sold at a gain of ₹ 30,000.
- Depreciation charged on machinery during the year was ₹ 50,000.
- Interest paid on 11% debentures amounted at ₹ 5,50,000.
- Dividend of ₹ 3,00,000 was paid on equity shares.
- Debentures were redeemed at a premium of 10% on 31st March,2022.
Calculate cash flows of 'Fizz Ltd.' from 'Investing Activities' and 'Financing Activities.
Aditya Sunrise Ltd. provides you the following information:
| Particulars | 31.3.2023 (₹) | 31.3.2022 (₹) |
| 10% Bank Loan | Nil | 1,00,000 |
Additional Information:
- Equity Share Capital raised during the year ₹ 3,00,000;
- 10% Bank Loan was repaid on 01.04.2022.
- Dividend received during the year was ₹ 20,000.
- Dividend Proposed for the year 2021-22 was ₹ 50,000 but only ₹ 20,000 was approved by the Shareholders.
Find out the cash flow from Financing Activities.
