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प्रश्न
Following are the Balance Sheets of Krishtec Ltd. for the years ended 31st March 2012 and 2011:
|
Particulars |
Note No. |
31st March, 2012 (₹) |
31st March, 2011 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
12,00,000 | 8,00,000 | |
|
(b) Reserves and Surplus (Surplus, i.e., Balance in Statement of Profit and Loss) |
3,50,000 | 4,00,000 | |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
4,40,000 | 3,50,000 | |
|
3. Current Liabilities |
|||
|
(a) Trade Payables |
60,000 | 50,000 | |
|
Total |
20,50,000 | 16,00,000 | |
| II. ASSETS | |||
|
1, Non-Current Assets |
|||
|
Fixed Assets: |
|||
|
Tangible Assets |
12,00,000 | 9,00,000 | |
|
2. Current Assets |
|||
|
(a) Inventories |
2,00,000 | 1,00,000 | |
|
(b) Trade Receivables |
3,10,000 | 2,30,000 | |
|
(c) Cash and Cash Equivalents |
3,40,000 | 3,70,000 | |
|
Total |
20,50,000 | 16,00,000 |
Prepare a Cash Flow Statement after taking into account the following adjustments:
(a) The company paid Interest ₹36,000 on its long-term borrowings.
(b) Depreciation charged on tangible fixed assets was ₹1,20,000
उत्तर
|
Cash Flow Statement for the year ended March 31, 2012 |
||||
|
|
Particulars |
Amount (₹) |
Amount (₹) |
|
|
A |
Cash Flow from Operating Activities |
|
|
|
|
|
Profit as per Statement of Profit and Loss |
|
(50,000) |
|
|
|
Items to be Added: |
|
|
|
|
|
Depreciation |
1,20,000 |
|
|
|
|
Interest |
36,000 |
1,56,000 |
|
|
|
Operating Profit before Working Capital Adjustments |
|
1,06,000 |
|
|
|
Less: Increase in Current Assets |
|
|
|
|
|
Inventories |
(1,00,000) |
|
|
|
|
Trade Receivables |
(80,000) |
|
|
|
|
Add: Increase in CurrentLiabilities |
|
|
|
|
|
Trade Payables |
10,000 |
(1,70,000) |
|
|
|
Cash Generated from Operations |
|
(64,000) |
|
|
|
Less: Tax Paid |
|
NIL |
|
|
|
Net Cash Flows from Operating Activities |
|
(64,000) |
|
|
|
|
|
||
|
B |
Cash Flow from Investing Activities |
|
|
|
|
|
Purchase of Tangible Fixed Assets |
|
(4,20,000) |
|
|
|
Net Cash Used in Investing Activities |
|
(4,20,000) |
|
|
|
|
|
||
|
C |
Cash Flow from Financing Activities |
|
|
|
|
|
Interest Paid |
|
(36,000) |
|
|
|
Proceeds from Issue of Share Capital |
|
4,00,000 |
|
|
|
Proceeds from Long Term Borrowings |
|
90,000 |
|
|
|
Net Cash Flow from Financing Activities |
|
4,54,000 |
|
|
D |
Net Increase or Decrease in Cash and Cash Equivalents |
|
(30,000) |
|
|
|
Add: Cash and Cash Equivalent in the beginning of the period |
|
3,70,000 |
|
|
|
Cash and Cash Equivalents at the end of the period |
|
3,40,000 |
|
|
Tangible Fixed Assets Account |
|||
| Dr. |
Cr. |
||
|
Particulars |
Amount (₹) |
Particulars |
Amount (₹) |
| Balance b/d |
9,00,000 |
Depreciation A/c |
1,20,000 |
| Bank A/c (Bal. Fig.) |
4,20,000 |
Balance c/d |
12,00,000 |
|
13,20,000 |
13,20,000 |
||
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 details:
| Particulars | 31st March, 2019 (₹) | 31st March, 2018 (₹) |
| Surplus, i.e.,Balance in Statement of Profit and Loss | 80,000 | 60,000 |
| Trade Receivables | 25,000 | 31,000 |
| Provision for Depreciation | 40,000 | 30,000 |
| Inventories | 80,000 | 60,000 |
| Outstanding Rent | 12,000 | 21,000 |
| Goodwill | 30,000 | 38,000 |
| Prepaid Insurance | 1,000 | 2,000 |
| Trade Payables (Creditors) | 13,000 | 19,000 |
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 |
From the following information, calculation Cash Flow from Operating Activities and Investing Activities:
|
Particular |
31st, March, 2018, (₹) |
31st, March, 2019, (₹) |
| Surplus, i.e., Balance in Statement of Profit and Loss |
2,50,000 |
10,00,000 |
| Provision for Tax |
75,000 |
75,000 |
| Trade Payables |
1,00,000 |
3,75,000 |
| Current Assets (Trade Receivables and Inventories) |
11,50,000 |
13,00,000 |
| Fixed Assets (Tangible) |
21,25,000 |
23,30,000 |
| Accumulated Depreciation |
10,62,500 |
11,00,000 |
Additional Information:
1. A machine having book value of ₹ 1,00,000 (Depreciation provided thereon ₹ 1,62,500) was sold at a loss of ₹ 20,000.
2. Tax paid during the year ₹ 75,000.
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.
Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:
Mevanca Limited BALANCE SHEET as at 31st March, 2017:
|
Particulars |
Note No. |
31st March, 2017 (₹) |
31st March, 2016 (₹) |
|
I. EQUITY AND LIABILITIES |
|||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
3,00,000 |
1,00,000 |
|
|
(b) Reserves and Surplus |
1 |
25,000 |
1,20,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings |
2 |
80,000 |
60,000 |
|
3. Current Liabilities |
|||
|
(a) Trade Payables |
6,000 |
20,000 |
|
|
(b) Short-term Provisions |
3 |
68,000 |
70,000 |
|
Total |
4,79,000 |
3,70,000 |
|
|
II. ASSETS |
|||
|
1. Non-Current Assets |
|||
|
Fixed Assets |
4 |
3,36,000 |
1,92,000 |
|
2. Current Assets |
|||
|
(a) Inventories |
67,000 |
60,000 |
|
|
(b) Trade Receivables |
51,000 |
65,000 |
|
|
(c) Cash and Cash Equivalents |
25,000 |
49,000 |
|
|
(d) Other Current Assets |
… |
4,000 |
|
|
Total |
4,79,000 |
3,70,000 |
Notes to Accounts
|
Particulars |
31st March, 2017 (₹) |
31st March, 2016 (₹) |
|
1. Reserves and Surplus |
||
|
Surplus, i.e.,Balance in Statement of Profit and Loss |
25,000 |
1,20,000 |
|
25,000 |
1,20,000 |
|
|
2. Long-term Borrowings |
||
|
10% Long-term Loan |
80,000 |
60,000 |
|
80,000 |
60,000 |
|
|
3. Short-term Provisions |
||
|
Provision for Tax |
68,000 |
70,000 |
|
|
68,000 |
70,000 |
|
4. Fixed Assets |
||
|
Machinery |
3,84,000 |
2,15,000 |
|
Accumulated Depreciation |
(48,000) |
(23,000) |
|
3,36,000 |
1,92,000 |
Additional Information :
(i) Additional loan was taken on 1st July, 2016.
(ii) Tax of ₹ 53,000 was paid during the year.
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.
The Balance Sheet of Virendra Paper Ltd. as at 31st March, 2019 is given below:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
7,20,000 | 6,00,000 | |
|
(b) Reserves and Surplus: |
|||
|
Surplus i.e., Balance in Statement of Profit and Loss |
4,80,000 | 3,75,000 | |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings: |
|||
|
10% Debentures |
2,70,000 | 4,50,000 | |
|
3. Current Liabilities |
|||
|
Trade Payables |
1,20,000 | 90,000 | |
|
Total |
15,90,000 | 15,15,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
Fixed Assets (Tangible) |
1 | 7,50,000 | 7,20,000 |
|
2. Current Assets |
|||
|
(a) Inventories |
3,60,000 | 4,20,000 | |
|
(b) Trade Receivables |
3,00,000 | 2,25,000 | |
|
(c) Cash and Cash Equivalents |
1,80,000 | 1,50,000 | |
|
Total |
15,90,000 | 15,15,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
||
|
1. Fixed Assets (Tangible) |
|
|
||
|
Land |
|
|
2,40,000 |
3,00,000 |
|
31st March, |
31st March, |
|||
|
2019 (₹) |
2018 (₹) |
|||
|
Plant and Machinery |
7,50,000 |
6,00,000 |
||
|
Less:Accumulated Depreciation |
2,40,000 |
1,80,000 |
||
|
5,10,000 |
4,20,000 |
5,10,000 |
4,20,000 |
|
|
|
|
7,50,000 |
7,20,000 |
|
Additional Information:
1. Interim Dividend of ₹75,000 has been paid during the year.
2. Debenture Interest paid during the year ₹ 27,000.
You are required to prepare Cash Flow Statement.
From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement:
| Balance sheet as at 31st March, 2017 | |||
|
Particular |
Note No. |
31st March, 2017 (₹) |
31st March, 2016 (₹) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders' Funds | |||
| (a) Share Capital | 5,00,000 | 5,00,000 | |
| (b) Reserves and Surplus | 1 | 1,00,000 | 25,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 2 | 2,50,000 | 1,50,000 |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 3 | 1,50,000 | 1,10,000 |
| (b) Short-term Provisions | 4 | 1,25,000 | 75,000 |
| Total | 11,25,000 | 8,00,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| Fixed Assets–Tangible | 5 | 6,00,000 | 4,50,000 |
| 2. Current Assets | |||
| (a) Trade Receivables | 2,75,000 | 2,25,000 | |
| (b) Cash and Cash Equivalents | 50,000 | 25,000 | |
| (c) Short-term Loans and Advances | 2,00,000 | 1,00,000 | |
| Total | 11,25,000 | 8,00,000 | |
Notes to Accounts
| Particular | 31st March, 2017 (₹) |
31st March, 2016 (₹) |
|
| 1. | Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 1,00,000 | (25,000) | |
| 1,00,000 | (25,000) | ||
| 2. | Long-term Borrowings | ||
| 10% Debentures | 2,50,000 | 1,50,000 | |
| 2,50,000 | 1,50,000 | ||
| 3. | Short-term Borrowings | ||
| Bank Overdraft | 1,50,000 | 1,00,000 | |
| 1,50,000 | 1,00,000 | ||
| 4. | Short-term Provisions | ||
| Provision for Tax | 1,25,000 | 75,000 | |
| 1,25,000 | 75,000 | ||
| 5. | Tangible Assets | ||
| Machinery | 7,37,500 | 5,25,000 | |
| Accumulated Depreciation | (1,37,500) | (75,000) | |
| 6,00,000 | 4,50,000 | ||
Note: Proposed Dividend for the years ended 31st March, 2016 and 2017 are ₹ 50,000 and ₹ 75,000, respectively.
Additional Information:
₹ 1,00,000, 10% Debentures were issued on 31st March, 2017.
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 and information of Volvo Ltd., prepare Cash Flow Statement:
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
1 | 2,25,000 | 2,50,000 |
|
(b) Reserves and Surplus |
2 | 1,27,500 | 50,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings: 10% Debentures |
1,00,000 | 50,000 | |
|
3. Current Liabilities |
|||
|
(a) Trade Payables |
72,500 | 35,000 | |
|
(b) Other Current Liabilities−Premium on Redemption of Preference Shares |
2,500 | 5,000 | |
|
Total |
5,27,500 | 3,90,000 | |
| II. ASSETS | |||
|
1, Non-Current Assets |
|||
|
(a) Fixed Assets−Tangible |
3,10,000 | 2,55,000 | |
|
(b) Non-Current Investments (10% Investments) |
40,000 | 15,000 | |
|
2. Current Assets |
|||
|
(a) Current Investments |
5,000 | 4,000 | |
|
(b) Inventories |
45,000 | 50,000 | |
|
(c) Trade Receivables |
3 | 92,500 | 45,000 |
|
(d) Cash and Cash Equivalents |
4 | 35,000 | 21,000 |
|
Total |
5,27,500 | 3,90,000 |
Notes to Accounts
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
1. Share Capital |
||
|
Equity Share Capital |
1,75,000 |
1,50,000 |
|
12% Preference Share Capital |
50,000 |
1,00,000 |
|
2,25,000 |
2,50,000 |
|
|
2. Reserves and Surplus |
||
|
General Reserve |
10,000 |
15,000 |
|
Surplus, i.e., Balance in Statement of Profit and Loss |
1,17,500 |
35,000 |
|
1,27,500 |
50,000 |
|
|
3. Trade Receivables |
||
|
Sundry Debtors |
1,00,000 |
50,000 |
|
Less:Provision for Doubtful Debts |
7,500 |
5,000 |
|
92,500 |
45,000 |
|
|
4. Cash and Cash Equivalents |
||
|
Cash in Hand |
12,500 |
6,000 |
|
Cash in Bank |
22,500 |
15,000 |
|
35,000 |
21,000 |
Additional Information :
(i) You are informed during the year:
| Proposed Dividend |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| Equity Share Capital | NIL | NIL |
| Preference Share Capital | 12% | 12% |
(ii) A machine with a book value of ₹20,000 was sold for ₹12,500;
(iii) Depreciation charged during the year was ₹35,000;
(iv) Preference shares were redeemed on 31st March, 2018 at a premium of 5%;
(v) An Interim dividend of ₹5,000 was paid on equity shares on 31st March, 2019 out of General Reserve;
(vi) Fresh equity shares were Issued on 31st March, 2019; and
(vii) Additional Investments were purchased on 31st March, 2019.
From the following Balance Sheet of Samta 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 | 7,50,000 | 7,50,000 |
| (b) Reserves and Surplus | 2 | 3,10,000 | (20,000) |
| 2. Non-Current Liabilities: | |||
| Long-term Borrowings (8% Debentures) | 2,60,000 | 1,50,000 | |
| 3. Current Liabilities: | |||
| (a) Short-term Borrowings (8% Bank Loan) | 40,000 | 50,000 | |
| (b) Trade Payables | 1,20,000 | 1,10,000 | |
| (c) Short-term Provisions | 3 | 50,000 | 40,000 |
| Total | 15,30,000 | 10,80,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets: | |||
| (a) Fixed Assets: | |||
| (i) Tangible Assets (Net) | 8,60,000 | 6,20,000 | |
| (ii) Intangible Assets (Goodwill) | 15,000 | 40,000 | |
| (b) Non-Current Investments | 1,25,000 | 80,000 | |
| 2. Current Assets: | |||
| (a) Current Investments | 5,000 | 15,000 | |
| (b) Inventories | 1,95,000 | 1,00,000 | |
| (c) Trade Receivables | 2,00,000 | 2,00,000 | |
| (d) Cash and Cash Equivalents | 1,30,000 | 25,000 | |
| Total | 15,30,000 | 10,80,000 |
es to Accounts:
| Particulars | 31st March, 2019 (₹) | 31st March, 2018 (₹) |
| 1. Share Capital: | ||
| Equity Share Capital | 5,50,000 | 4,50,000 |
| 12% Preference Share Capital | 2,00,000 | 3,00,000 |
| 7,50,000 | 7,50,000 | |
| 2. Reserves and Surplus: | ||
| Securities Premium Reserve | 10,000 | - |
| General Reserve | 1,50,000 | 1,20,000 |
| Surplus, i.e., Balance in Statement of Profit and Loss | 1,50,000 | (1,40,000) |
| 3,10,000 | (20,000) | |
| 4. Short-term Provisions: | ||
| Provision for Tax | 50,000 | 40,000 |
Additional Information:
(i) During the year a piece of machinery costing ₹ 60,000 on which depreciation charged was ₹ 20,000 was sold at 50% of its book value. Depreciation provided on tangible Assets ₹ 60,000;
(ii) Income tax ₹ 45,000 was provided;
(iii) Additional Debentures were issued at par on 1st October, 2018 and Bank Loan was repaid on the same date;
(iv) At the end of the year Preference Shares were redeemed at a premium of 5%.
Prepare Cash Flow Statement from the following:
STATEMENT OF PROFIT AND LOSS
for the year ended 31st March, 2019
|
Particulars |
Note No. |
(₹) |
|
I. Revenue from Operations |
36,00,000 | |
| II. Expenses | ||
|
Purchases of Stock-in-Trade |
28,16,000 | |
|
Change in Inventories of Stock-in-Trade |
(65,000) | |
|
Finance Costs |
15,000 | |
|
Depreciation and Amortisation Expenses |
80,000 | |
|
Other Expenses |
5,34,000 | |
|
Total |
33,80,000 | |
| III. Profit before Tax (I − II) | 2,20,000 | |
|
IV. Less: Provision for Tax |
40,000 | |
|
V. Profit after Tax (III − IV) |
1,80,000 |
as at 31st March, 2019
|
Particulars |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
6,00,000 | 5,00,000 | |
|
(b) Reserves and Surplus |
1 | 3,00,000 | 1,20,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Loan |
1,20,000 | 1,50,000 | |
|
3. Current Liabilities |
|||
|
(a) Short-term Borrowings: |
13,000 | ... | |
|
(b) Trade Payables (Creditors) |
2,85,000 | 2,38,000 | |
|
(c) Short-term Provision: |
44,000 | 30,000 | |
|
Total |
13,62,000 | 10,38,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
Fixed Assets |
6,20,000 | 4,00,000 | |
|
2. Current Assets |
|||
|
(a) Short-term Investments (Marketable Security) |
34,000 | 20,000 | |
|
(b) Inventories |
3,28,000 | 2,63,000 | |
|
(c) Trade Receivables |
3,48,000 | 3,10,000 | |
|
(d) Cash and Cash Equivalents |
2 | 32,000 | 45,000 |
|
Total |
13,62,000 | 10,38,000 |
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| 1. Reserves and Surplus | ||
|
Surplus, i.e., Balance in Statement of Profit and Loss |
3,00,000 | 1,20,000 |
| 2. Cash and Cash Equivalents | ||
|
Cash in Hand |
32,000 | 17,000 |
|
Cash at Bank |
... | 28,000 |
| 32,000 | 45,000 |
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.
Which of the following transactions will result in 'Flow of Cash'?
Dividend received by the financial enterprise is shown in the cash flow statement under:
Shareholders get:
