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प्रश्न
Following is the Balance Sheet of K K Ltd as at 31-3-2015:
K.K. Ltd Balance Sheet as at 31-3-2015
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
I. Equity and Liabilities 1. Shareholder’s Funds a. Share Capital b. Reserve and Surplus 2. Non - Current Liabilities a) Long – term borrowings 3. Current Liabilities a) Short – term borrowings b)Short – term provisions |
1
2
3 4 |
10,00,000 4,00,000
9,00,000
3,00,000 1,40,000 |
8,00,000 (1,00,000)
10,00,000
1,00,000 1,80,000 |
| Total | 27,40,000 | 19,80,000 | |
|
II. Assets 1. Non – Current Assets a) Fixed Assets Tangible assets Intangible assets b) Non – Current Investments 2. Current Assets a) Current Investments b) Inventories c) Cash and Cash |
5 6
7
|
20,06,000 40,000 2,00,000
1,00,000 2,14,000 1,80,000 |
14,40,000 60,000 1,50,000
1,20,000 90,000 1,20,000 |
| Total | 27,40,000 | 19,80,000 |
| Note No | Particulars | 31-3-2015(Rs.) | 31-3-2014(Rs.) |
|
1.
|
Reserve and Surplus (Surplus i.e. Balance in Statement of Profit and Loss) |
4,00,000 |
(1,00,000) |
| 4,00,000 | (1,00,000) | ||
|
2.
|
Long term borrowings : 12 % Debentures |
9,00,000 |
10,00,000 |
| 9,00,000 | 10,00,000 | ||
|
3.
|
Short – term borrowings : Bank Overdraft |
3,00,000 |
1,00,000 |
| 3,00,000 | 1,00,000 | ||
|
4.
|
Short – term provisions Provisions for tax |
1,40,000 |
1,80,000 |
| 1,40,000 | 1,80,000 | ||
|
5.
|
Tangible Assets Machinery Accumulated Depreciation |
24,06,000 (4,00,000) |
16,42,000 (2,02,000) |
| 20,06,000 | 14,40,000 | ||
|
6.
|
Intangible Assets Goodwill |
40,000 |
60,000 |
| 40,000 | 60,000 | ||
|
7.
|
Inventories Stock in trade |
2,14,000 |
90,000 |
| 2,14,000 | 90,000 |
Additional Information
(i) 12% Debentures were redeemed on 31-3-2015
(ii) Tax 1,40,000 was paid during the year
Prepare Cash flow Statement.
उत्तर
| Particulars | Amount (Rs.) | Amount (Rs.) | |
|
I
|
Cash Flow from Operating Activities A. Net Profit before Tax and Extraordinary items* Adjustments for Non-Cash and Non – Operating Items B. Add : Items to be added Depreciation Intagible Assets Written off Interest on Debentures (12% of 10,00,000) Provision for Tax
C. Less : Items to be Deducted
D. Operating Profit before Working Capital Adjustments (A+B-C) E. Add : Decrease in Current Assets and Increase in Current Liabilities F: Less : Increase in Current Assets and Decrease in Current Liabilities Inventories
Cash Generated from Operations (D+E-F) Less : Income Tax Paid (Net of Refund)
Net Cash Flows from (or used in) Operating Activities |
1,98,000 20,000 1,20,000 1,00,000 ______________
______________
1,24,000 ______________
1,40,000 ______________
|
5,00,000
4,38,000
______________ 9,38,000
(1,24,000) ______________ 8,14,000 (1,40,000) ______________ 6,74,000 |
|
II
|
Cash Flow from Investing Activities Purchase of Fixed Assets (24,06,000 – 16,42,000) Purchase of Non – Current Investments
Net Cash Flows (or used in) Investing Activities |
(7,64,000) (50,000) ______________
|
(8,14,000) |
|
III
|
Cash Flow from Financing Activities Proceeds from Issue of Share Capital Redemption of Debentures Interest Paid on Debentures Increase in Bank Overdraft
Net Cash Flow from Financing Activities |
2,00,000 (1,00,000) (1,20,000) 2,00,000 ______________
|
1,80,000 |
|
IV
|
Net Increase or Decrease in Cash and Cash Equivalents (I+ II+III) Add : Cash and Cash Equivalents in the beginning of the period (includes Current Investments of 1,20,000) |
|
40,000 2,40,000
|
|
Cash and Cash Equivalents at the end of the period (Includes Current Investments of 1,00,000) |
2,00,000
|
Provision For Tax Account
Dr. Cr.
| Particulars | Amount(Rs.) | Particulars | Amount(Rs.) |
|
To Bank A/c To Balance c/d
|
1,40,000 1,40,000
|
By Balance b/d By Statement of Profit and Loss
|
1,80,000 1,00,000
|
| 2,80,000 | 2,80,000 |
APPEARS IN
संबंधित प्रश्न
Give the meaning of 'Cash Flow statement'.
State the primary objective of preparing a Cash Flow Statement.
From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement :
| Balance Sheet of JY Ltd. as at 31.3.2017 |
|||
| Particular | Note No. |
31-3-2017 Rs |
31-3-2016 Rs |
|
I. Equity and Liabilities 1. Shareholders' Funds: (a) Share capital (b) Reserves and surplus 2. Non-current Liabilities: Long term-borrowing 3. Current Liabilities: (a) Short-term borrowings (b) Short-term provisions |
1
2
3 4 |
5,00,000 1,00,000
2,50,000
1,50,000 2,00,000 |
5,00,000 (25,000)
1,50,000
1,00,000 1,25,000 |
| Total | 12,00,000 | 8,50,000 | |
|
II. Assets 1. Non- Current Assets: (a) Fixed Assets: (i) Tangible 2. Current Assets: (a) Trade Receivable (b) Cash and Cash Equivalents (c) Short-term Loans and Advances |
5
|
6,00,000
2,75,000 1,25,000 2,00,000 |
4,50,000
2,25,000 75,000 1,00,000 |
| Total | 12,00,000 | 8,50,000 | |
Notes to Accounts
| Note No | Particulars |
31-3-2017 Rs |
31-3-2016 Rs |
|
1
2
3
4
5
|
Reserve and Surplus (Surplus i.e. Balance in Statement of Profit and Loss)
|
1,00,000 |
(25,000) |
| 1,00,000 | (25,000) | ||
|
Long-term borrowings : 10 % Debentures
|
2,50,000 |
1,50,000 |
|
| 2,50,000 | 1,50,000 | ||
|
Short-term borrowings : Bank Overdraft
|
1,50,000 |
1,00,000 |
|
| 1,50,000 | 1,00,000 | ||
|
Short-term provisions: (i) Proposed Dividend (ii) Provision for Tax
|
75,000 1,25,000 |
50,000 75,000 |
|
| 2,00,000 | 1,25,000 | ||
|
Tangible Assets: Machinery Accumulated Depreciation
|
7,37,500 (1,37,500) |
5,25,000 (75,000) |
|
| 6,00,000 | 4,50,000 |
Additional Information:
Rs 1,00,000, 10% Debentures were issued on 31-3-2017.
While preparing Cash Flow statement of Sharda Ltd. 'Depreciation provided on fixed assets' was added to net profit to calculate cash flow from operating activities. Was the accountant correct in doing so? Give reason.
Amongst the following, 'Payment of bonus to the employees' by an insurance company is which type of activity?
Why is ‘Cash Flow statement’ prepared? State.
Under which type of activity will you classify' Dividend received by a financial company' while preparing Cash Flow Statement?
'Cash advances and loans' made by financial enterprises will be shown under which type of activity while preparing cash flow statement? Give reason in support of your answer.
Answer the following question:
State any one objective of preparing Cash Flow Statement.
State the purpose of preparing a ‘Cash Flow Statement’.
‘Payment of dividend’ will come under which type of activity while preparing a Cash Flow Statement?
From the following Balance Sheets, Prepare a Cash Flow Statements as per AS- 3 (revised)
|
Liabilities |
2008 Amount Rs |
2009 Amount Rs |
Assets |
2008 Amount Rs |
2009 Amount Rs |
|
Share Capital |
12,000 |
15,000 |
Furniture |
5,000 |
8,000 |
|
P & L Account |
5,000 |
6,000 |
Stock |
6,000 |
4,000 |
|
Creditors |
15,000 |
11,000 |
Debtors |
10,000 |
8,000 |
|
|
|
|
Cash |
11,000 |
12,000 |
|
|
32,000 |
32,000 |
|
32,000 |
32,000 |
|
|
|
|
|
|
|
A dividend of Rs 3,000 was paid during the year 2008-09
From the information given below you are required to calculate the cash paid for the inventory:
|
Particulars |
(Rs) |
|
Inventory in the beginning |
40,000 |
|
Credit Purchases |
1,60,000 |
|
Inventory in the end |
38,000 |
|
Trade payables in the beginning |
14,000 |
|
Trade payables in the end |
14,500 |
What are the benefits of cash flow statements ______?
Name the activities that constitute the primary or main activities of an enterprise?
Classify the following activity into operating activities, investing activities, financing activities or cash activities
"Cash credit"
Which of the following transactions will not result into flow of cash?
An example of Cash Flows from Operating Activity is ______
Which of the following shall be considered as an outflow of cash in the Cash Flow Statement?
Cash flow example from an Investing activity is:
