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प्रश्न
From the following information, calculate Net Profit before Tax and Extraordinary Items:
| Surplus, i.e., Balance in Statement of Profit and Loss (Opening) | 1,00,000 |
| Surplus, i.e., Balance in Statement of Profit and Loss (Closing) | 3,36,000 |
| Dividend paid in the current year | 72,000 |
| Interim Dividend Paid during the year | 90,000 |
| Transfer to Reserve | 1,00,000 |
| Provision for Tax for the current year | 1,50,000 |
| Refund of Tax | 3,000 |
| Loss due to Earthquake | 2,00,000 |
| Insurance Proceeds from Earthquake disaster settlement |
उत्तर
|
|
Particulars |
Amount (Rs) |
|
A |
Cash Flow from Operating Activities |
|
|
|
Profit as per Statement of Profit and Loss (3,36,000 − 1,00,000) |
2,36,000 |
|
|
Add: Transfer to Reserve |
1,00,000 |
|
|
Proposed Dividend |
72,000 |
|
|
Interim Dividend |
90,000 |
|
|
Provision for Tax |
1,50,000 |
|
|
Extraordinary Items (Loss due to Earthquake) |
2,00,000 |
|
|
Less: Extraordinary Items (Insurance Proceeds from Earthquake disaster settlement ) |
(1,00,000) |
|
|
Refund of Tax |
(3,000) |
|
|
Net Profit before Tax and Extraordinary Items |
7,45,000 |
APPEARS IN
संबंधित प्रश्न
From the following Balance Sheet of Computer India Ltd., prepare cash flow statement.
| Particulars | Note No. | 31st March 2017 (Rs) |
31st March 2016 (Rs) |
| I) Equity and Liabilities | |||
|
1. Shareholders’ Funds
|
|||
|
a) Share capital
|
50,000 | 40,000 | |
|
b) Reserves and surplus-Surplus
|
1 | 3,700 | 3,000 |
|
2. Non-Current Liabilities
|
|||
|
10% Debentures
|
6,500 | 6,000 | |
|
3. Current Liabilities
|
|||
|
a) Short-term borrowings
|
2 | 6,800 | 12,500 |
|
b) Trade payables
|
11,000 | 12,000 | |
|
c) Short-term provisions
|
3 | 10,000 | 8,000 |
| Total | 88,000 | 81,500 | |
| II) Assets | |||
|
1. Non-current assets
|
|||
|
a) Fixed assets
|
4 | 25,000 | 30,000 |
|
2. Current assets
|
|||
|
a) Inventories
|
35,000 | 30,000 | |
|
b) Trade receivables
|
24,000 | 20,000 | |
|
c) Cash and cash equivalents-cash
|
3,500 | 1,200 | |
|
d) Other current assets-prepaid exp.
|
500 | 300 | |
| Total | 88,000 | 81,500 |
Notes to Accounts
|
Particulars |
31st March 2017 (Rs) |
31st 2016 (Rs) |
|
|
1. |
Reserve and surplus | ||
|
|
(i) Balance in statement of profit and loss |
1,200 |
1,000 |
|
|
(ii) General reserve |
2,500 |
2,000 |
|
|
3,700 |
3,000 |
|
|
2. |
Short-term borrowings | ||
|
|
Bank Overdraft |
6,800 |
12,500 |
|
3. |
Short-term provisions | ||
|
|
(i) Provision for taxation |
4,200 |
3,000 |
|
|
(ii) Proposed dividend |
5,800 |
5,000 |
|
|
10,000 |
8,000 |
|
|
4. |
Fixed Assets: | ||
|
|
Fixed Assets |
40,000 |
41,000 |
|
|
Less: Accumulated Depreciation |
(15,000) |
(11,000) |
|
|
|
25,000 |
30,000 |
Additional Information:
Interest paid on Debenture Rs. 600
Calculate Cash Flow from Operating Activities from the following:
(i) Profit form the year is ₹ 7,00,000 after considering the following items:
|
Particulars |
(₹) |
| Depreciation on Fixed Assets | 40,000 |
| Goodwill Amortised | 20,000 |
| Gain on Sale of Land | 90,000 |
| Appropriation of Profit towards General Reserve | 60,000 |
(ii) Following is the position of Current Assets and Current Liabiliites
|
Particulars |
Closing Balance (₹) | Opening Balance (₹) |
| Trade Payables | 50,000 | 75,000 |
| Trade Receivables | 75,000 | 60,000 |
| Prepaid Expenses | 10,000 | 18,000 |
Charles Ltd. earned a profit of ₹ 1,00,000 after charging depreciation of 20,000 on assets and a transfer to General Reserve of ₹ 30,000. Goodwill amortised was ₹ 7,000, and gain on sale of machinery was ₹ 3,000. Other information available is (changes in the value of Current Assets and Current Liabilities): trade receivables showed an increase of ₹ 3,000; trade payables an increase of ₹ 6,000; Prepaid expenses an increase of ₹ 200; and outstanding expenses a decrease of ₹ 2,000.
Ascertain Cash Flow from Operating Activities.
From the following Balance Sheet of Combiplast Ltd. for the year ended 31st March, 2019 and additional information, calculate Cash Flow from Investing Activities:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
I. EQUITY AND LIABILITIES |
|||
|
1. Shareholders' Funds |
|
||
|
(a) Share Capital |
7,50,000 | 5,00,000 | |
|
(b) Reserves and Surplus |
10,00,000 | 8,50,000 | |
|
2. Current Liabilities |
|
4,50,000 | 3,50,000 |
|
Total |
22,00,000 | 17,00,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets−Tangible Assets |
1 | 12,00,000 | 12,00,000 |
|
(b) Non-Current Investments |
5,00,000 | 3,00,000 | |
|
2. Current Assets |
|||
|
(a) Trade Receivables |
3,00,000 | 1,10,000 | |
|
(b) Cash and Cash Equivalents |
2,00,000 | 90,000 | |
|
Total |
22,00,000 | 17,00,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Tangible Assets | ||
|
Land |
3,00,000 | 3,00,000 |
|
Building |
4,00,000 | 4,00,000 |
|
Plant and Machinery |
5,00,000 | 5,00,000 |
|
|
12,00,000 | 12,00,000 |
Additional Information:During the year the company sold machinery at Book Value of ₹ 1,50,000.
XYZ. Ltd. provided the following information, calculate Net Cash Flow from Financing Activities:
|
Particular |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| Equity Share Capital | 12,00,000 | 10,00,000 |
| 12% Debentures |
2,00,000 |
1,00,000 |
Additional Information:
1.Interest paid on debentures ₹ 19,000.
2. Dividend paid in the year ₹ 50,000.
3. During the year,XYZ Ltd. issued bonus shares in the ratio of 5 : 1 by captialising reserve.
Following are the Balance Sheets of Solar Power Ltd. as at 31st March, 2014 and 2013:
| Solar Power Ltd. |
| BALANCE SHEET |
|
Particulars |
Note No. |
31st March, 2014 (₹) |
31st March, 2013 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
|
24,00,000 | 22,00,000 |
|
(b) Reserves and Surplus |
1 | 6,00,000 | 4,00,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
4,80,000 | 3,40,000 | |
| 3. Current Liabilities | |||
|
(a) Trade Payables |
3,58,000 | 4,08,000 | |
|
(b) Short-term Provisions |
|
1,00,000 | 1,54,000 |
|
Total |
39,38,000 | 35,02,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
Fixed Assets: |
|||
|
(i) Tangible Assets |
2 | 21,40,000 | 17,00,000 |
|
(ii) Intangible Assets |
3 | 80,000 | 2,24,000 |
|
2. Current Assets |
|||
|
(a) Current Investments |
4,80,000 | 3,00,000 | |
|
(b) Inventories |
2,58,000 | 2,42,000 | |
|
(c) Trade Receivables |
3,40,000 | 2,86,000 | |
|
(d) Cash and Cash Equivalents |
6,40,000 | 7,50,000 | |
|
Total |
39,38,000 | 35,02,000 |
Notes to Accounts
|
Particulars |
31st March, 2014 (₹) |
31st March, 2013 (₹) |
| 1. Revenue and Surplus
Surplus, i.e.,Balance in Statement of Profit and Loss |
6,00,000 | 4,00,000 |
| 2. Tangible Assets | ||
|
Machinery |
25,40,000 | 20,00,000 |
|
Less: Accumulated Deprciation |
(4,00,000) | (3,00,000) |
| 21,40,000 | 17,00,000 | |
| 3. Intangible Assets | ||
|
Goodwill |
80,000 | 2,24,000 |
Additional Iformation:
Druing the year, a piece of machinery costing ₹ 48,000 on which accumulated deprciation was ₹ 32,000. was sold for ₹ 12,000. Prepare Cash Flow Statement.
From the following Balance Sheet of Kumar Ltd. as at 31st March, 2019, prepare Cash Flow Statement
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
1 | 16,00,000 | 10,40,000 |
|
(b) Reserves and Surplus, |
2 | 5,50,000 | 2,60,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings: |
|||
|
9% Debentures |
4,00,000 | 6,00,000 | |
|
3. Current Liabilities |
|||
|
Trade Payables |
4,50,000 | 1,00,000 | |
|
Total |
30,00,000 | 20,00,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
Fixed Assets |
20,00,000 | 15,00,000 | |
|
2. Current Assets |
|||
|
(a) Inventories |
3,00,000 | 2,00,000 | |
|
(b) Trade Receivables |
2,00,000 | 1,00,000 | |
|
(c) Cash and Cash Equivalents |
5,00,000 | 2,00,000 | |
|
Total |
30,00,000 | 20,00,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 1. Share Capital | ||
|
Equity Share Capital |
15,00,000 | 10,00,000 |
|
7% Preference Share Capital |
1,00,000 | 40,000 |
| 16,00,000 | 10,40,000 | |
| 2. Reserves and Surplus | ||
|
General Reserve |
4,00,000 | 60,000 |
|
Surplus, i.e., Balance in Statement of Profit and Loss |
1,50,000 | 2,00,000 |
| 5,50,000 | 2,60,000 |
Additional Information:
1. During a year, a machinery costing ₹ 20,000 was sold for ₹ 6,000.
2. Dividend paid during the year ₹ 50,000.
From the following Balance Sheet of Akash Ltd. as at 31st March 2014:
|
Particulars |
Note No. |
31st March, 2014 (₹) |
31 March, 2013 (₹) |
|
I. EQUITY AND LIABILITES 1. Shareholders' Funds |
|||
|
(a) Share Capital |
15,00,000 |
14,00,000 |
|
|
(b) Reserves and Surplus |
1 |
2,50,000 |
1,10,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
|
2,00,000 |
1,25,000 |
|
3. Current Liabilities |
|||
|
(a) Short-term Borrowings |
2 |
12,000 |
10,000 |
|
(b) Trade Payables |
15,000 | 83,000 | |
|
(c) Short-term Provisions |
3 |
18,000 |
11,000 |
|
Total |
19,95,000 |
17,39,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
Fixed Assets: |
|||
|
(i) Tangible Assets |
4 |
18,60,000 |
16,10,000 |
|
(ii) Intangible Assets |
5 | 50,000 | 30,000 |
|
2. Current Assets |
|||
|
(a) Current Investments |
|
8,000 |
5,000 |
|
(b) Inventories |
37,000 | 59,000 | |
|
(c) Trade Receivables |
26,000 |
23,000 |
|
|
(d) Cash and Cash Equivalents |
14,000 |
12,000 |
|
|
Total |
19,95,000 |
17,39,000 |
| Notes to Accounts : | ||
| Particulars | 31st March, 2014 (₹) | 31st March, 2013 (₹) |
| 1. Reserves and Surplus | ||
|
Surplus,i.e.,Balance in Statement of Profit and Loss |
2,50,000 | 1,10,000 |
| 2. Short-term Borrowings : | ||
|
Bank Overdraft |
12,000 | 10,000 |
| 3. Short-term Provisions | ||
|
Provision for Tax |
18,000 | 11,000 |
| 4. Tangible Assets : | ||
|
Machinery |
20,00,000 | 17,00,000 |
|
Less: Accumulated Depreciation |
(1,40,000) | (90,000) |
| 18,60,000 | 16,10,000 | |
| 5. Intangible Assets | ||
|
Patents |
50,000 | 30,000 |
Additional Information :
(i) Tax paid during the year amounted to ₹ 16,000.
(ii) machine with a net book value of ₹ 10,000 (Accumulated Depreciation ₹ 40,000) was sold for ₹ 2,000.
Prepare Cash Flow Statement.
From the following Balance Sheet of SRS Ltd. and the additional information as on 31st March, 2016, prepare a Cash Flow Statement:
SRS Ltd.
BALANCE SHEET as on 31st March, 2016
|
Particulars |
Note No. |
31st March, 2016 (₹) |
31st March, 2015 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
4,50,000 | 3,50,000 | |
|
(b) Reserves and Surplus |
1 | 1,25,000 | 50,000 |
| 2. Non-Current Liabilities | |||
|
Long-term Borrowings |
2 | 2,25,000 | 1,75,000 |
|
3. Current Liabilities |
|||
|
(a) Short-term Borrowingst |
3 | 75,000 | 37,500 |
|
(b) Shrot-term Provisions |
4 | 1,00,000 | 62,500 |
|
Total |
9,75,000 | 6,75,000 | |
| II. ASSETS | |||
|
1, Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible |
5 | 7,32,500 | 4,52,500 |
|
(ii) Intangible |
6 | 50,000 | 75,000 |
|
(b) Non-current Investments |
75,000 | 50,000 | |
|
2. Current Assets |
|||
|
(a) Current Investments |
20,000 | 35,000 | |
|
(b) Inventories |
7 | 61,000 | 36,000 |
|
(c) Cash and Cash Equivalents |
36,500 | 26,500 | |
|
Total |
9,75,000 | 6,75,000 |
Notes to Accounts
|
Particular |
31st March 2016 (₹) |
31st March 2015 (₹) |
|
|
1. |
Reserves and Surplus | ||
|
|
Surplus, i.e., Balance in Statement of Profit and Loss |
1,25,000 |
50,000 |
|
2. |
Long-term Borrowings |
|
|
|
|
12% Debentures |
2,25,000 |
1,75,000 |
|
3. |
Short-term Borrowings |
|
|
|
|
Bank Overdraft |
75,000 |
37,500 |
|
4. |
Short-term Provisions |
|
|
|
|
Provision for Tax |
1,00,000 |
62,500 |
|
5. |
Tangible Assets |
|
|
|
|
Machinery |
8,37,500 |
5,22,500 |
|
|
Accumulated Depreciation |
(1,05,000) |
(70,000) |
|
|
7,32,500 |
4,52,500 |
|
|
6. |
Intangible Assets |
|
|
|
|
Goodwill |
50,000 |
75,000 |
|
7. |
Inventories |
|
|
|
|
Stock-in-Trade |
61,000 |
36,000 |
Additional Information:
(i) ₹50,000, 12% Debentures were issued on 31st March, 2016.
(ii) During the year, a piece of machinery costing ₹40,000, on which accumulated depreciation was ₹20,000, was sold at a loss of ₹5,000.
From the following Balance Sheet as at 31st March, 2019 and Statement of Profit and Loss for the year ended 31st March, 2019 of RSB Ltd. and additional information, prepare Cash Flow Statement:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders' Funds | |||
| (a) Share Capital |
7,50,000 |
5,00,000 |
|
| (b) Reserves and Surplus |
1 |
9,50,000 |
3,00,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings (5% Debentures) |
7,00,000 |
4,00,000 |
|
| 3. Current Liabilities | |||
| (a) Trade Payables |
1,10,000 |
90,000 |
|
| (b) Other Current Liabilities |
2 |
39,000 |
25,000 |
| (c) Short-term Provisions (Provision for Tax) |
2,60,000 |
2,25,000 |
|
|
Total |
28,09,000 |
15,40,000 |
|
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets – Tangible |
3 |
6,85,000 |
7,45,000 |
| (b) Non-current Investments |
7,50,000 |
2,50,000 |
|
| 2. Current Assets | |||
| (a) Current Investments |
6,74,000 |
95,000 |
|
| (b) Inventories |
1,00,000 |
2,00,000 |
|
| (c) Trade Receivables |
4,00,000 |
1,50,000 |
|
| (d) Cash and Cash Equivalents |
2,00,000 |
1,00,000 |
|
|
Total |
28,09,000 |
15,40,000 |
STATEMENT OF PROFIT AND LOSS for the year ended 31st March, 2019
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. Revenue from Operations |
4 |
40,00,000 |
35,00,000 |
| II. Other Income |
5 |
35,000 |
30,000 |
| III. Total Revenue (I + II) |
40,35,000 |
35,30,000 |
|
| IV. Expenses: | |||
| Purchases of Stock-in-Trade |
27,00,000 |
24,70,000 |
|
| Change in Inventories of Stock-in-Trade |
6 |
1,00,000 |
50,000 |
| Finance Cost |
27,500 |
20,000 |
|
| Depreciation |
40,000 |
45,000 |
|
| Other Expenses |
22,500 |
20,000 |
|
| Total Expenses |
28,90,000 |
26,05,000 |
|
| V. Profit before Tax (III – IV) |
11,45,000 |
9,25,000 |
|
| VI. Less: Tax |
3,45,000 |
2,25,000 |
|
| VII. Profit after Tax (V – VI) |
8,00,000 |
7,00,000 |
Notes to Accounts
|
Particular |
31st March 2019 (₹) |
31st March 2018 (₹) |
|
|
1. |
Reserves and Surplus | ||
| Debenture Redemption Reserve |
1,00,000 |
1,00,000 |
|
| Surplus, i.e., Balance in Statement of Profit and Loss |
8,50,000 |
2,00,000 |
|
|
9,50,000 |
3,00,000 |
||
|
2. |
Other Current Liabilities | ||
| Interest on Debentures |
35,000 |
20,000 |
|
| Outstanding Expenses |
4,000 |
5,000 |
|
|
39,000 |
25,000 |
||
|
3. |
Fixed Assets–Tangible | ||
| Cost |
8,90,000 |
9,90,000 |
|
| Less: Accumulated Depreciation |
2,05,000 |
2,45,000 |
|
|
6,85,000 |
7,45,000 |
||
|
4. |
Revenue from Operations | ||
| Sales |
42,00,000 |
35,75,000 |
|
| Less: Sales Return |
2,00,000 |
75,000 |
|
|
40,00,000 |
35,00,000 |
||
|
5. |
Other Income | ||
| Interest on Deposits |
15,000 |
12,500 |
|
| Dividend on Investments |
10,000 |
17,500 |
|
| Gain (Profit) on Sale of Fixed Assets |
10,000 |
… |
|
|
35,000 |
30,000 |
||
|
6. |
Change in Inventories of Stock-in-Trade | ||
| Opening Stock |
2,00,000 |
2,50,000 |
|
|
|
Less: Closing Stock |
1,00,000 |
2,00,000 |
|
|
1,00,000 |
50,000 |
|
Additional Information:
1. Additional debentures were issued on 1st October, 2018 of ₹5,00,000. On the same date, part of outstanding debentures were redeemed and interest was paid, whereas interest on outstanding debentures was paid on 10th April, 2019.
2. Board of Directors proposed dividend in both the years @ 10%.
3. Interim Dividend of ₹ 1,00,000 was paid during the year.
4. A fixed asset with original cost of 1,00,000, on which depreciation till date was provided of ₹ 80,000 was sold at a profit of ₹ 10,000.
Cash flow from operating activities of Starline Ltd. for the year ended 31.03.2019 was ₹ 18,000. The Balance Sheet along with notes to accounts of Starline Ltd. as at 31-03-19 is given below :
Starline limited
Balance Sheet as at 31st March, 2019
| Particulars | Note No. |
31-03-19(₹) |
31-03-18(₹) |
| I. Equity and Liabilities: | |||
| 1. Shareholders Funds |
|||
| (a) Share Capital |
18,00,000 | 10,00,000 | |
| b) Reserves and Surplus | 1 | 50,000 | 40,000 |
| 2. Non-Current Liabilities | |||
| Long term Borrowings |
2 | 1,00,000 | 4,00,000 |
| 3. Current Liabilities | |||
| Short term Provisions |
3 | 2,50,000 | 3,60,000 |
| Total | 22,00,000 | 18,00,000 | |
| II. Assets | |||
| 1. Non-Current Assets |
|||
| Fixed Assets | |||
| (i) Tangible Assets | 5 | 9,80,000 | 6,35,000 |
| (ii) Intangible Assets | 6 | 2,68,000 | 1,70,000 |
| 2. Current Assets | |||
| (a) Current Investments | 1,40,000 | 70,000 | |
| (b) Trade Receivables | 4,40,000 | 1,50,000 | |
|
c) Cash and Cash Equivalents |
1,55,000 | 63,000 | |
| Total
|
22,00,000 | 18,00,000 |
Notes to Accounts
| Particulars | 31-03-19 (₹) | 31-03-18 (₹) | |
| 1. | Reserves and Surplus | 50,000 | 40,000 |
| Surplus (Balance in Statement of Profit and Loss) | 50,000 | 40,000 | |
| 2 | Long-term Borrowings | ||
| 8% Debentures | 1,00,000 | 4,00,000 | |
| 1,00,000 | 4,00,000 | ||
| 3 | Short term provisions | ||
| Provision for tax | 2,50,000 | 3,60,000 | |
| 2,50,000 | 3,60,000 | ||
| 4 | Tangible Assets | ||
| Plant and Machinery | 15,20,000 | 10,90,000 | |
| Less: Accumulated Depreciation | (1,20,000) | (90,000) | |
| 14,00,000 | 10,00,000 | ||
| 5 | Intangible Assets | ||
| Goodwill | 1,80,000 | 70,000 | |
| 1,80,000 | 70,000 |
You are given the following additional information :
(a) A machinery of the book value of ₹ 40,000 (depreciation provided thereon ₹ 12,000) was sold at a loss of ₹ 6,000.
(b) 8% debentures were redeemed on 1st July 2018.
Prepare Cash Flow Statement.
Dividend received by the financial enterprise is shown in the cash flow statement under:
From the following information, find out the inflow of cash:
| 31st March, 2015 | 31st March, 2014 | |
| Plant and Machinery Account | ₹ 6,00,000 | ₹ 4,50,000 |
| Accumulated Depreciation | ₹ 1,60,000 | ₹ 1,00,000 |
Additional Information:
Depreciation for the years 2014-2015 is ₹ 80,000
During the year Machinery was purchased for ₹ 2,50,000 and a part of the asset was sold at a profit of ₹ 40,000.
Assertion (A): Depreciation is added to the net profit before tax.
Reason (R): Depreciation is a non-cash item that is an expense.
Shareholders get:
