Advertisements
Advertisements
प्रश्न
From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement:
Kiero Ltd.
Balance Sheet as at 31-03-2018
| Particulars | Note No. |
31-03-18 (₹) |
31-03-17 (₹) |
| I. Equity and Liabilities | |||
| 1. Shareholders Funds |
|||
| (a) Share Capital |
1 | 7,90,000 | 5,80,000 |
| (b) Reserves and Surplus | 4,60,000 | 1,20,000 | |
| 2. Non-Current Liabilities | |||
| Long term Borrowings | 2 | 5,00,000 | 3,00,000 |
| 3.Current Liabilities | |||
| (a) Short term borrowings | 3 | 1,15,000 | 42,000 |
| (b) Short term Provisions | 4 | 1,18,000 | 46,000 |
| Total | 19,83,000 | 10,88,000 | |
| 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 |
19,83,000 | 10,88,000 |
Notes to Accounts
| Note No. | Particulars | 31-03-18 (₹) | 31-03-17 (₹) |
| 1. | Reserves and Surplus | ||
| Surplus (Balance in Statement of Profit and Loss) | 3,20,000 | 60,000 | |
| General Reserve | 1,40,000 | 60,000 | |
| 4,60,000 | 1,20,000 | ||
| 2. | Long-term Borrowings | ||
| 12% Debentures | 5,00,000 | 3,00,000 | |
| 5,00,000 | 3,00,000 | ||
| 3. | Short-term Borrowings | ||
| Bank Overdraft | 1,15,000 | 42,000 | |
| 1,15,000 | 42,000 | ||
| 4. | Short-term Provisions | ||
| Provision for Tax | 1,18,000 | 46,000 | |
| 1,18,000 | 46,000 | ||
| 5. | Tangible Assets | ||
| Plant and Machinery | 11,00,000 | 7,50,000 | |
| Less:Accumulated Depreciation | (1,20,000) | (1,15,000) | |
| 9,80,000 | 6,35,000 | ||
| 6. | Intangible Assets | ||
| Goodwill | 2,68,000 | 1,70,000 | |
| 2,68,000 | 1,70,000 |
Additional Information: 12% debentures were issued on 1st September, 2017.
उत्तर
Cash Flow Statement
| Particulars | Details |
Amount(₹) |
| A. Cash Flow From Operating Activities | ||
| Surplus as on 31st March 2018 |
3,20,000 | |
| Less: Surplus as on 31st March 2017 | (60,000) | |
| 2,60,000 | ||
| Add: Transfer to General Reserve ( 1,40,000 – 60,000) | 80,000 | |
| Provision for tax created during the year | 1,18,000 | |
| Profit before tax and extraordinary items | 4,58,000 | |
| Add: Interest on 12% Debentures (3,00,000 × 12% + 2,00,000 × 12% × 7 months) | 50,000 | |
| Depreciation for the year ( 1,20,000 – 1,15,000) | 5,000 | 55,000 |
| Operating Profit Before Working Capital Changes | 5,13,000 | |
| Less: Increase in the value of Trade Receivables ( 4,40,000 – 1,50,000) | (2,90,000) | |
| Cash Generated from Operations | 2,23,000 | |
| Less: Tax paid (i.e. Provision for tax created during the last year) | (46,000) | |
| Cash Flow From Operating Activities | 1,77,000 | |
| B. Cash Flow From Investing Activities | ||
| Purchase of Plant and Machinery ( 11,00,000 – 7,50,000) | (3,50,000) | |
| Purchase of Goodwill (2,68,000 – 1,70,000) | (98,000) | (4,48,000) |
| Cash Used in Investing Activities | 4,48,000 | |
| C. Cash Flow From Financing Activities | ||
| Increase in Bank Overdraft ( 1,15,000 – 42,000) | 73,000 | |
| Proceeds from issue of 12% Debentures (5,00,000 – 3,00,000) |
2,00,000 |
|
| Proceeds from issue Shares (7,90,000 – 5,80,000) | 2,10,000 | |
| Interest on 12% Debentures (3,00,000 × 12% + 2,00,000 × 12% × 7 months) | (50,000) | |
| Cash Flow From Financing Activities | 4,33,000 | |
| D. Net Increase/Decrease in Cash & Cash Equivalents ( A – B + C) | 1,62,000 | |
| Add: Cash and Cash Equivalents as on 31st March 2017 | ||
| Cash & Bank Balance | 70,000 | |
| Current Investments | 63,000 | 1,33,000 |
| E. Cash and Cash Equivalents as on 31st March 2018 | ||
| Cash & Bank Balance | 1,55,000 | |
| Current Investments | 1,40,000 | 2,95,000 |
APPEARS IN
संबंधित 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 |
Compute Cash Flow from Operating Activities from the following information:
|
Particulars |
₹ |
| Net Profit after Provision for Tax and Payment of Dividend | 2,15,000 |
| Provision for Tax | 45,000 |
| Final Dividend paid during the year | 50,000 |
| Depreciation | 25,000 |
| Loss on Sale of Machinery | 10,000 |
| Patents Amortised | 30,000 |
| Gain on Sale of Land | 70,000 |
| Income Tax Refund | 30,000 |
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 |
Calculate Cash Flow from Operating Activities from the following information:
INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS)for the year ended 31st March, 2019
|
Particulars |
Note No. |
(₹) |
| I. Revenue from Operations (Sales) |
5,98,000 |
|
| II. Other Income |
1 |
19,500 |
| III. Total Revnue (I + II) |
6,17,500 |
|
| IV. Expenses : | ||
|
Cost of Materials Consumed |
4,00,000 |
|
|
Change in Inventories of Finished Goods and Work-in-Progress |
2 |
15,000 |
|
Employee Benefit Expenses |
1,05,000 |
|
|
Depreciation and Amortisation Expenses |
|
15,000 |
|
Other Expenses |
3 |
20,000 |
|
Total Expenses |
5,55,000 |
|
| V. Profit before Tax (III − IV) |
62,500 |
|
| VI. Tax @ 30% |
18,750 |
|
| VII. Profit after Tax (V − VI) |
43,750 |
Notes to Accounts
|
Particulars |
₹ |
| 1. Other Income | |
|
Rent |
15,000 |
|
Gain (Profit) on Sale of Machinery |
2,500 |
|
Interest on Debentures held as Investments |
2,000 |
|
19,500 |
|
| Changes in Inventories of Finished Goods and Work-in-Progress | |
| (a) Finished Goods | |
|
Opening Inventories |
37,500 |
|
Less: Closing Inventories |
25,000 |
|
Sub-Total |
12,500 |
| (b) Work-in-Progress | |
|
Opening Inventories |
22,500 |
|
Less: Closing Inventories |
20,000 |
|
Sub-Total |
2,500 |
|
Total (a + b) |
15,000 |
| 2. Other Expenses | |
|
Office Expenses |
12,500 |
|
Selling Expenses |
6,000 |
|
Loss on Sale of Furniture |
1,500 |
|
20,000 |
| Current Assets and Current Liabilities |
As on 31st March, |
As on 1st April, |
| Trade Receivables |
25,000 |
20,000 |
| Trade Payables |
32,500 |
35,000 |
| Outstanding Expenses |
8,000 |
5,000 |
| Prepaid Expenses |
5,000 |
3,500 |
From the following information, calculate Net Cash Flow from Operating Activities and Financing Activities:
| Particulars |
31st March 2019 (Rs.) |
31st March 2019 (Rs.) |
| Equity Share Capital |
13,75,000 |
11,25,000 |
| 5% Preference Share Capital | 5,00,000 | 7,50,000 |
| General Reserve | 3,75,000 | 3,00,000 |
| Surplus i.e., Balance in Statement of Profit and Loss | 3,75,000 | (3,50,000) |
| Securities Premium Reserve | 25,000 | ... |
| Provision for Tax | 1,00,000 | 50,000 |
| Non-current Liabilities (8% Debentures) | 6,50,000 | 3,75,000 |
| Short-term Borrowings (8% Bank Loan) | 1,00,000 | 1,25,000 |
| Trade Payables | 5,00,000 | 2,50,000 |
| Trade Receivables and Inventories |
13,00,000 |
11,50,000 |
Additional Information:
- During the year additional debentures were issued at par on 1st October and Bank Loan was repaid on the same date.
- Dividend on Equity Shares @ 8% was paid on Opening Balance.
- Income tax ₹ 1,12,500 has been provided during the year.
- Preference shares were redeemed at par at the end of the year.
Following is the Balance Sheet of Fine Products Ltd. as at 31st March, 2019
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES : | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital: Equity Share Capital |
3,50,000 |
3,00,000 |
|
|
(b) Reserves and Surplus |
1 |
57,000 |
38,000 |
|
2. Current Liabilities : |
|||
|
(a) Trade Payables |
53,000 |
35,000 |
|
|
(b) Other Current Liabilities |
6,000 |
8,000 |
|
|
(c) Short-term Provisions |
2 |
32,000 |
28,000 |
| Total |
4,98,000 |
4,09,000 |
|
| II. ASSETS : | |||
|
1. Non-Current Assets : |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
3 |
2,48,000 |
2,00,000 |
|
(ii) Intangible Assets (Goodwill) |
40,000 |
50,000 |
|
|
(b) Non-Current Investments |
35,000 |
10,000 |
|
|
2. Current Assets : |
|||
|
(a) Inventories |
39,000 |
57,000 |
|
|
(b) Trade Receivables |
1,08,000 |
75,000 |
|
|
(c) Cash and Bank Balance |
28,000 |
17,000 |
|
| Total |
4,98,000 |
4,09,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 1. Reserves and Surplus | ||
|
General Reserve |
30,000 |
20,000 |
|
Surplus, i.e.,Balance in Statement of Profit and Loss |
27,000 |
18,000 |
|
57,000 |
38,000 |
|
| 2. Short-term Provisions | ||
|
Provision for Tax |
32,000 |
28,000 |
| 3. Tangible Fixed Assets | ||
|
Land and Building |
57,000 |
1,10,000 |
|
Plant and Machinery |
1,91,000 |
90,000 |
|
2,48,000 |
2,00,000 |
Note: Proposed dividends on equity for the years ended 31st March, 2018 and 2019 are ₹ 39,000 and ₹ 45,000 respectively. You are required to prepare Cash Flow Statement for the year ended 31st March, 2019.
Following was the Balance Sheet of M.M. Ltd. as at 31st March, 2015
| Particulars | Note No. |
(₹) |
(₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
5,00,000 | 4,00,000 | |
|
(b) Reserves and Surplus |
1 | 2,00,000 | (50,000) |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
2 | 4,50,000 | 5,00,000 |
|
3. Current Liabilities |
|||
|
(a) Short-term Borrowings |
3 | 1,50,000 | 50,000 |
|
(b) Short-term Provisions |
4 | 70,000 | 90,000 |
|
Total Total Expenses |
13,70,000 | 9,90,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
(i) Tangible Assets |
5 | 10,03,000 | 7,20,000 |
|
(ii) Intangible Assets |
6 | 20,000 | 30,000 |
|
(b) Non-Current Investments |
1,00,000 | 75,000 | |
|
2. Current Assets |
|||
|
(a) Current Investments |
50,000 | 60,000 | |
|
(b) Inventories |
7 | 1,07,000 | 45,000 |
|
(c) Cash and Cash Equivalents |
90,000 | 60,000 | |
|
Total |
13,70,000 | 9,90,000 |
Notes to Accounts :
|
Particular |
31st March 2015 (₹) |
31st March 2014 (₹) |
|
|
1. |
Reserves and Surplus | ||
|
|
Surplus, i.e., Balance in Statement of Profit and Loss |
2,00,000 |
(50,000) |
|
|
2,00,000 |
(50,000) |
|
|
2. |
Long-term Borrowings |
|
|
|
|
12% Debentures |
4,50,000 |
5,00,000 |
|
|
4,50,000 |
5,00,000 |
|
|
3. |
Short-term Borrowings |
|
|
|
|
Bank Overdraft |
1,50,000 |
50,000 |
|
|
1,50,000 |
50,000 |
|
|
4. |
Short-term Provisions |
|
|
|
|
Provision for Tax |
70,000 |
90,000 |
|
|
70,000 |
90,000 |
|
|
5. |
Tangible Assets |
|
|
|
|
Machinery |
12,03,000 |
8,21,000 |
|
|
Less: Accumulated Depreciation |
(2,00,000) |
(1,01,000) |
|
|
10,03,000 |
7,20,000 |
|
|
6. |
Intangible Assets |
|
|
|
|
Goodwill |
20,000 |
30,000 |
|
|
20,000 |
30,000 |
|
|
7. |
Inventories |
|
|
|
|
Stock-in-Trade |
1,07,000 |
45,000 |
|
|
1,07,000 |
45,000 |
|
Additional Information:
1. 12% Debentures were redeemed on 31st March, 2015.
2. Tax ₹ 70,000 was paid during the year.
Prepare Cash Flow Statement.
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.
Assertion (A): Depreciation is added to the net profit before tax.
Reason (R): Depreciation is a non-cash item that is an expense.
