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Question
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.
Solution
| Cash flow statement for the year ended 31st March, 2017 | ||
| Particulars | Amount (₹) | Amount (₹) |
| A) Cash flow from Operating Activities | ||
| Profit as per statement of profit and loss (1,00,000 + 25,000) | 1,25,000 | |
| Add: Non-Cash Items: | ||
| 1. Depreciation | 62,500 | |
| 2. Intrest | 15,000 | |
| 3. Proposed Dividend | 50,000 | |
| 4. Provision for tax | 1,25,000 | 2,52,500 |
| Operating Profit | 3,77,500 | |
| Less: Increase in current assets | ||
| 1. Trade Receivables | (50,000) | |
| Cash generated from operation | 3,27,500 | |
| Less: Tax paid | (75,000) | |
| Cash flow from Operating Activities | 2,52,500 | |
| B) Cash flow from Investing Activities | ||
| 1. Purchase of tangible assets | 2,12,500 | |
| 2. Short-term loans and advances | (1,00,000) | |
| Cash used in Investing Activities | 3,12,500 | |
| C) Cash flow from financing activities | ||
| 1. Proceeds from long-term borrowings | 1,00,000 | |
| 2. Intrest Paid | (15,000) | |
| 3. Bank Overdraft | 50,000 | |
| 4. Divident Paid | (50,000) | |
| Cash flow from financing activities | 85,000 | |
|
D) Net increase or decrease in Cash and Cash Equivalents (A − B + C) |
25,000 | |
| Add: Cash and Cash Equivalents in the beginning | 25,000 | |
| Cash and Cash Equivalents at the end | 50,000 | |
APPEARS IN
RELATED QUESTIONS
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 |
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 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 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.
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.
From the following information, prepare Cash Flow Statement:
|
Particulars |
(₹) |
| Opening Cash and Bank Balances |
1,50,000 |
| Closing Cash and Bank Balances | 1,70,000 |
| Decrease in Stock | 80,000 |
| Increase in Bills Payable | 1,20,000 |
| Sale of Fixed Assets | 3,00,000 |
| Repayment of Long-term Loan | 5,00,000 |
| Net Profit for the Year |
20,000 |
From the following Balance Sheet of Young India Ltd., prepare Cash Flow Statement:
BALANCE SHEET OF YOUNG INDIA LTD.as at 31st March, 2019
|
Particular |
Note No. |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
|
2,50,000 |
2,00,000 |
|
(b) Reserves and Surplus: Surplus, i.e., Balance in Statement of Profit and Loss |
|
1,83,000 |
82,000 |
|
2. Non-Current Liabilities |
|
||
|
Long-term Borrowings: |
|
||
|
15% Debentures |
|
80,000 |
50,000 |
|
3. Current Liabilities |
|
||
|
(a) Trade Payables |
|
1,50,000 |
1,10,000 |
|
(b) Other Current Liabilities |
|
12,000 |
20,000 |
|
Total |
|
6,75,000 |
4,62,000 |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets (Tangible) |
|
2,74,000 |
1,17,000 |
|
(b) Non-Current Investments |
|
68,000 |
55,000 |
|
2. Current Assets |
|
||
|
(a) Inventories |
|
2,06,000 |
1,50,000 |
|
(b) Trade Receivables |
|
32,000 |
70,000 |
|
(c) Cash and Cash Equivalents |
|
95,000 |
70,000 |
|
Total |
|
6,75,000 |
4,62,000 |
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 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.
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.
Prepare Cash Flow Statement from the following Balance Sheet:
|
Particulars |
Note No. |
31st March, 2013 (₹) |
31st March, 2012 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
6,00,000 | 5,00,000 | |
|
(b) Reserves and Surplus |
1 | 4,00,000 | 2,00,000 |
|
2. Current Liabilities |
|||
|
(a) Trade Payables |
2,80,000 | 1,80,000 | |
|
Total |
12,80,000 | 8,80,000 | |
| II. ASSETS | |||
|
1, Non-Current Assets |
|||
|
(a) Fixed Assets: |
|||
|
Plant and Machinery |
5,00,000 | 3,00,000 | |
|
2. Current Assets |
|||
|
(a) Inventories |
1,00,000 | 1,50,000 | |
|
(b) Trade Receivables |
6,00,000 | 4,00,000 | |
|
(c) Cash and Cash Equivalents |
80,000 | 30,000 | |
|
Total |
12,80,000 | 8,80,000 |
Notes to Accounts
|
Particulars |
31st March, 2013 (₹) |
31st March, 2012 (₹) |
| I. Reserves and Surplus | ||
|
Surplus, i.e., Balance in Statement of Profit and Loss |
4,00,000 | 2,00,000 |
Additional Information:
(i) An old machinery having book value of ₹50,000 was sold for ₹60,000.
(ii) Depreciation provided on Machinery during the year was ₹30,000.
Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March 2018:
|
Particulars |
Note No. |
31st March, 2018 (₹) |
31st March, 2017 (₹) |
| I. EQUITY AND LIABILITIES | |||
|
1. Shareholders' Funds |
|||
|
(a) Share Capital |
13,50,000 | 13,50,000 | |
|
(b) Reserves and Surplus |
1 | 11,34,000 | 10,68,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings: |
8,10,000 | ... | |
|
3. Current Liabilities |
|||
|
(a) Trade Payables (Creditors) |
4,20,000 | 5,04,000 | |
|
(b) Short-term Provisions: |
|||
|
Provision for Tax |
30,000 | 2,25,000 | |
|
Total |
37,26,000 | 31,47,000 | |
| II. ASSETS | |||
|
1, Non-Current Assets |
|||
|
(a) Fixed Assets (Tangible) |
9,60,000 | 12,00,000 | |
|
(b) Non-Current Investments |
1,80,000 | 1,50,000 | |
|
2. Current Assets |
|||
|
(a) Current Investments |
21,000 | 17,000 | |
|
(b) Inventories |
63,30,000 | 7,82,000 | |
|
(c) Trade Receivables |
13,65,000 | 6,30,000 | |
|
(c) Cash and Cash Equivalents |
5,70,00 | 4,30,000 | |
|
Total |
37,26,000 | 31,47,000 | |
Notes to Accounts
|
Particulars |
31st March, 2018 (₹) |
31st March, 2017 (₹) |
| I. Reserves and Surplus | ||
|
General Reserve |
9,30,000 | 9,00,000 |
|
Surplus, i.e., Balance in Statement of Profit and Loss |
2,04,000 | 1,68,000 |
|
|
11,34,000 | 10,68,000 |
Additional Information:
1. Investments costing ₹ 24,000 were sold during the year for ₹ 25,5000.
2. Provistion for Tax made during the year was ₹ 27,000.
3. During the year, a part of the Fixed Assets costing ₹ 30,000 was sold for ₹ 36,000. The rofits were included in the Statement of Profit and Loss.
4. The Interim Dividend paid during the year amounted to ₹ 1,20,000.
You are required to 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 of Mishi 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 |
16,00,000 | 12,00,000 | |
|
(b) Reserves and Surplus |
1 | 6,60,000 | 4,40,000 |
|
2. Non-Current Liabilities |
|||
|
Long-term Borrowings (10% Debentures) |
3,20,000 | 2,00,000 | |
|
3. Current Liabilities |
|||
|
(a) Short-term Borrowing (Bank Loan) |
80,000 | 1,10,000 | |
|
(b) Trade Payables |
1,50,000 | 1,80,000 | |
|
Total Total Expenses |
28,10,000 | 21,30,000 | |
| II. ASSETS | |||
|
1. Non-Current Assets |
|||
|
(a) Fixed Assets−Tangible |
2 | 19,00,000 | 12,10,000 |
|
(b) Non-Current Investments |
2,70,000 | 2,00,000 | |
|
2. Current Assets |
|||
|
(a) Current Investments |
1,60,000 | 80,000 | |
|
(b) Trade Receivables |
1,80,000 | 4,00,000 | |
|
(c) Cash and Cash Equivalents |
3 | 3,00,000 | 2,40,000 |
|
Total |
28,10,000 | 21,30,000 |
|
Notes to Accounts : |
||
|
Particulars |
31st March, 2019 (₹) |
31st March, 2018 (₹) |
|
1. Reserves and Surplus : |
||
|
Securities Premium Reserve |
20,000 |
... |
|
General Reserve |
3,00,000 |
2,40,000 |
|
Surplus i.e., Balance in the Statement of Profit and Loss |
3,40,000 |
2,00,000 |
|
6,60,000 |
4,40,000 |
|
|
2. Fixed Assets−Tangible |
||
|
Machinery (Cost) |
21,40,000 |
14,00,000 |
|
Less: Accumulated Depreciation |
2,40,000 |
1,90,000 |
|
19,00,000 |
12,10,000 |
|
|
3. Cash and Cash Equivalents |
||
|
Cash in Hand |
1,40,000 |
1,10,000 |
|
Bank Balance |
1,60,000 |
1,30,000 |
|
3,00,000 |
2,40,000 |
|
Additional Information :
(i) During the year, Machinery costing ₹ 1,40,000 (accumulated depreciation provided thereon ₹ 1,10,000) was sold for ₹ 20,000.
(ii) During the year, Non-current Investments costing ₹ 80,000 were sold at a profit of ₹ 16,000.
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.
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.
