Cash flow Statement (Question Bank)

-

 Cash flow Statement

Which activity are the main revenue-generating activities of the enterprises?

  1. Cash flow from operating activities
  2. Non Cash transactions
  3. Cash flow from investment activities
  4. Cash flow from management activities

 

Which of the following transactions will result into Flow of Cash?

  1. Deposited ₹ 10,000 into bank.
  2. Withdrew cash from bank ₹ 14,500.
  3. Sale of Machinery of the book value of ₹ 74,000 at a loss of 9,000.
  4. Converted ₹ 2,00,000,9 % Debentures into equity shares.
  1. i and ii
  2. ii and iii
  3. only iii
  4. iv and i

[2015]

 

Purchase of marketable securities will result in ________.

  1. No effect on cash and cash equivalents
  2. Increase in cash and cash equivalents
  3. Decrease in cash and cash equivalents
  4. Increase in Investing activities.

 

While calculating the cash flow statement from investment activities following items should be added except?

  1. Cash paid for purchase of Non-current Investment
  2. Cash received from sale of fixed assets
  3. Cash received from sale of investments
  4. Interest received

 

Which of the following is not included in Cash and Cash Equivalents?

  1. Balance with Banks
  2. Bank deposits with 100 days of maturity
  3. Cheques and Drafts on hand
  4. Cash on hand
  1. i and ii
  2. only ii
  3. iii and iv
  4. iv and i

 

How will you deal increase in the balance of Securities Premium Reserve while preparing a Cash Flow Statement?

  1. Cash flow from Financing activities
  2. Cash flow from operating activities
  3. Cash flow from Investing activities
  4. Cash Equivalent

 

Dividend paid by a Trading company is classified under which kind of activity while preparing cash flow statement

  1. Cash flow from Financing activities
  2. Cash flow from operating activities
  3. Cash flow from Investing activities
  4. Cash Equivalent

 

For purpose of preparing a cash flow statement, which of the following is not considered as a cash equivalent?

  1. An investment in Bonds
  2. Treasury Bills
  3. Marketable securities
  4. Commercial paper

 

An investment normally qualifies as cash-equivalent only when from the date of acquisition it has a short maturity period of:

  1. One month or less
  2. Three months or less
  3. Three months or more
  4. One year or less

[2020]

 

Purchase of building results in

  1. outflow of cash
  2. inflow of cash
  3. no flow of cash
  4. both inflow and outflow

 

The various activities operating, investing and financing classified as per ________ related to cash flow statement.

  1. AS - 3 (revised)
  2. AS - 4 (revised)
  3. AS - 5 (revised)
  4. AS - 6 (revised)

 

Mention the net amount of source of cash when a fixed asset (having a book value of Rs. 15,000) is sold at a loss of Rs. 5,000.

  1. 10,000
  2. 5,000
  3. 20,000
  4. 15,000

 

Short - term highly liquid investments which are readily convertible into a known amount of cash and which are subject to an insignificant risk of change in the value are called ________.

  1. Cash Equivalents
  2. Cash at Bank
  3. Non-current Assets
  4. Non-current Investment

 

Conversions of debentures into equity shares will be ________.

  1. No Effect
  2. Financing Activity
  3. Operating Activity
  4. Investing Activity

 

Cash Flow Statement is also known as

  1. 'Statement of Changes in Financial Position on Cash basis' and 'Statement accounting for variation in cash' 
  2. Statement of Changes in Financial Position on Cash basis
  3. Statement accounting for variation in cash
  4. None of these

 

The decrease in the value of Trade Receivable will be ________.

  1. Added in operating activities
  2. Deducted in operating activities
  3. Added in Investing Activities
  4. Deducted in Investing activities

 

Cash Credit is concerned with ________.

  1. Financing Activities
  2. Investing Activities
  3. Operating Activities
  4. Cash and Cash Equivalents

 

Following are the unamortized expenses except ________.

  1. Issue of share capital
  2. Discount on issue of debentures
  3. Loss on issue of debentures
  4. Share issue expenses

 

Increase in Bank Overdraft balance ________.

  1. Add in Financing Activities
  2. Less in Financing Activities
  3. Add in Operating Activities
  4. Less in Operating Activities

 

Vinod Ltd. is carrying on a paper manufacturing business. In the current year, it purchased machinery for Rs.30,00,000; it paid salaries of Rs. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. 20,00,000. It earned a profit of Rs. 9,00,000 for the current year. Find out cash flows from operating activities.

  1. 9,00,000
  2. 8,60,000
  3. 8,00,000
  4. 20,00,000

 

Which of the following is not considered as Cash Equivalents?

  1. Investment
  2. Short term deposits in bank
  3. Commercial papers
  4. Treasury bills

 

The objectives of Cash Flow Statement are

  1. Analysis of cash position 
  2. Short-term cash planning
  3. Evaluation of liquidity
  4. Comparison of Operating Performance
  1. A, B, C, D
  2. Both A and B
  3. Both A and C
  4. Both B and D

 

Calculate Purchase on Investment. The information is Opening balance of Investment - ₹ 2,50,000, closing balance Investment - ₹ 5,00,000, Sale - ₹ 1,37,500, Profit on sale - ₹ 12,500.

  1. ₹ 3,75,000
  2. ₹ 2,75,000
  3. ₹ 3,50,000
  4. ₹ 2,50,000

 

Paid ₹ 4,00,000 to acquire shares in R.V. Ltd. and received a dividend of ₹ 40,000 after the acquisition. These transactions will result in:

  1. Cash used in investing activities ₹4,00,000
  2. Cash generated from financing activities ₹4,40,000
  3. Cash used in investing activities ₹3,60,000
  4. Cash generated from financing activities ₹ 3,60,000

[2020]

 

Operating activities is mainly concerned with ________.

  1. Current assets and current liabilities
  2. Long term assets
  3. Long-term liabilities and stockholders’ equity
  4. Share and debentures

 

Increase in the Computer Software (asset) will be ________.

  1. Deducted in Investing activities
  2. Deducted in Operating Activities
  3. Added in Investing activities
  4. Added in Operating Activities

 

Which of the following transactions will result into flow of cash?

  1. Cash withdrawn from bank ₹ 20,000.
  2. Issued 20,000, 9% Debentures to the vendor of machinery.
  3. Received ₹ 19,000 form debtors.
  4. Deposited Cheques of ₹ 10,000 into bank.
  1. i and ii
  2. ii and iii
  3. only iii
  4. iv and i

 

Which of the following is shown as an addition to financing activities?

  1. Increase in Bank Overdraft
  2. Decrease in Bank Overdraft
  3. Redemption of Debentures
  4. Redemption of Preference Shares

 

Purchase and Sales of Shares by a manufacturing company comes under ________.

  1. Investing activities
  2. Financing Activities
  3. Operating Activities
  4. Not recorded

 

General Reserves are the part of ________.

  1. Operating Activities
  2. Financing Activities
  3. Investing Activities
  4. Not concerned with any activity

Under which type of activity will you classify the sale of shares of another company while preparing cash flow statement?

  1. Investing Activity
  2. Financing Activity
  3. Operating Activity
  4. Investing and Financing

 

An investment normally qualifies as cash-equivalent only when from the date of acquisition it has a short maturity period of:

  1. One month or less
  2. Three months or less
  3. Three months or more
  4. One year or less

[2020]

 

Operating activities is mainly concerned with ________.

  1. Current assets and current liabilities
  2. Long term assets
  3. Long-term liabilities and stockholders’ equity
  4. Share and debentures

 

Loose tools and Stores and spares are the part of

  1. Inventory
  2. Cash and Cash Equivalents
  3. Current Assets
  4. Investment

 

Purchase and Sales of Shares by a manufacturing company comes under ________.

  1. Investing activities
  2. Financing Activities
  3. Operating Activities
  4. Not recorded

 

Vinod Ltd. is carrying on a paper manufacturing business. In the current year, it purchased machinery for Rs.30,00,000; it paid salaries of Rs. 60,000 to its employees; it required funds for expansion and therefore, issued shares of Rs. 20,00,000. It earned a profit of Rs. 9,00,000 for the current year. Find out cash flows from operating activities.

  1. 9,00,000
  2. 8,60,000
  3. 8,00,000
  4. 20,00,000

 

Increase in the Computer Software (asset) will be ________.

  1. Deducted in Investing activities
  2. Deducted in Operating Activities
  3. Added in Investing activities
  4. Added in Operating Activities

 

Increase in Bank Overdraft balance ________.

  1. Add in Financing Activities
  2. Less in Financing Activities
  3. Add in Operating Activities
  4. Less in Operating Activities

 

Following are the unamortized expenses except ________.

  1. Issue of share capital
  2. Discount on issue of debentures
  3. Loss on issue of debentures
  4. Share issue expenses

 

________ are highly liquid assets that can be converted into cash shortly.

  1. Cash Equivalents
  2. Inventories
  3. Non-current Investments
  4. Loose Tools

 

Purchase of marketable securities will result in ________.

  1. No effect on cash and cash equivalents
  2. Increase in cash and cash equivalents
  3. Decrease in cash and cash equivalents
  4. Increase in Investing activities.

 

In a statement of cash flows (indirect method) a decrease in inventory should be reported as ________.

  1. An addition
  2. A deduction
  3. Not reported
  4. In investing activity

 

A Ltd engaged in the business retailing of Air-Conditioners, invested Rs. 25, 00,000 in the shares of a manufacturing company. Dividend received on this investment will be:

  1. Cash flow from Investing activities
  2. Cash flow from operating activities
  3. Cash flow from Financing activities
  4. Cash Equivalent

 

Cash Credit is concerned with ________.

  1. Financing Activities
  2. Investing Activities
  3. Operating Activities
  4. Cash and Cash Equivalents

 

Dividend paid by a finance company comes under ________.

  1. Operating Activities
  2. Manufacturing Activity
  3. Financing Activity
  4. Investing Activities

 

Which activity are the main revenue-generating activities of the enterprises?

  1. Cash flow from operating activities
  2. Non Cash transactions
  3. Cash flow from investment activities
  4. Cash flow from management activities

 

Conversions of debentures into equity shares will be ________.

  1. No Effect
  2. Financing Activity
  3. Operating Activity
  4. Investing Activity

 

Cash Flow Statement is based upon

  1. Cash basis of accounting
  2. Accrual basis of accounting
  3. Credit basis of accounting
  4. None of these

 

Value of copyrights was Rs.68,000 in the year 31st March 2015 but after one year on 31st March 2016 value of copyrights was Rs.1,00,000. How it will affect the cash flow statement?

  1. Less Rs. 32,000 in investing activities
  2. Add Rs. 32,000 in investing activities
  3. Less Rs.1,00,000 in investing activities
  4. Add Rs. 1,00,000 in investing activities

 

Increase of decrease in the Bank balance is ________.

  1. Operating Activity
  2. Investing Activity
  3. Financing Activity
  4. Cash and Cash Equivalents

 

The various activities operating, investing and financing classified as per ________ related to cash flow statement.

  1. AS - 3 (revised)
  2. AS - 4 (revised)
  3. AS - 5 (revised)
  4. AS - 6 (revised)

 

Which of the following is not included in Cash and Cash Equivalents?

  1. Balance with Banks
  2. Bank deposits with 100 days of maturity
  3. Cheques and Drafts on hand
  4. Cash on hand
  1. i and ii
  2. only ii
  3. iii and iv
  4. iv and i

 

Interest on long term borrowings is an ________ relating to financial activities and shown as ________ of cash.

  1. Expense, Outflow
  2. Expense, Income
  3. Income, Inflow
  4. Outflow, Income

 

The objectives of Cash Flow Statement are

  1. Analysis of cash position 
  2. Short-term cash planning
  3. Evaluation of liquidity
  4. Comparison of Operating Performance
  1. A, B, C, D
  2. Both A and B
  3. Both A and C
  4. Both B and D

 

Which of the following transaction is untrue regarding the limitations of the cash flow statement?

  1. It is not used for judging the profitability of enterprises
  2. To help in short-term financial planning
  3. To ascertain the net changes in cash and cash equivalents
  4. To ascertain the liquidity of enterprises

 

Short - term highly liquid investments which are readily convertible into a known amount of cash and which are subject to an insignificant risk of change in the value are called ________.

  1. Cash Equivalents
  2. Cash at Bank
  3. Non-current Assets
  4. Non-current Investment

 

Dividend paid by a Trading company is classified under which kind of activity while preparing cash flow statement

  1. Cash flow from Financing activities
  2. Cash flow from operating activities
  3. Cash flow from Investing activities
  4. Cash Equivalent

 

Payment of dividend is classified as ________.

  1. Financial activities
  2. Operational activities
  3. Investment activities
  4. Both Operational activities and Investment activities

 

General Reserves are the part of ________.

  1. Operating Activities
  2. Financing Activities
  3. Investing Activities
  4. Not concerned with any activity

 

For purpose of preparing a cash flow statement, which of the following is not considered as a cash equivalent?

  1. An investment in Bonds
  2. Treasury Bills
  3. Marketable securities
  4. Commercial paper

In cash flow statement, the item of interest is shown in

  1. Operating Activities
  2. Financing Activities 
  3. Investing Activities
  1. Both B and C
  2. Both A and B
  3. Both A and C
  4. A, B, C

 

Interest received will be considered as financing activity when ________.

  1. Interest received on calls in arrear
  2. Interest received on investments
  3. Redemption of debentures takes place
  4. Bank overdraft is settled

 

Interest paid on bank overdraft will come in ________.

  1. Financing activities
  2. Investment activities
  3. Both finance and investing activities
  4. Less in operating activities

 

For purpose of preparing a cash flow statement, which of the following is not considered as a cash equivalent?

  1. An investment in Bonds
  2. Treasury Bills
  3. Marketable securities
  4. Commercial paper

 

Which activity are the main revenue-generating activities of the enterprises?

  1. Cash flow from operating activities
  2. Non Cash transactions
  3. Cash flow from investment activities
  4. Cash flow from management activities

 

The decrease in the value of Trade Receivable will be ________.

  1. Added in operating activities
  2. Deducted in operating activities
  3. Added in Investing Activities
  4. Deducted in Investing activities

 

Which of the following is not included in Cash and Cash Equivalents?

  1. Balance with Banks
  2. Bank deposits with 100 days of maturity
  3. Cheques and Drafts on hand
  4. Cash on hand
  1. i and ii
  2. only ii
  3. iii and iv
  4. iv and i

 

As per Accounting Standard-3, Cash Flow is classified into

  1. Operating activities, financing activities and investing activities
  2. Operating activities and investing activities
  3. Investing activities and financing activities
  4. Operating activities and financing activities

 

Buy Back of equity shares is concerned with ________ activities.

  1. Financing Activities
  2. Investing Activities
  3. Operating Activities
  4. Both Investing Activities and Operating Activities

 

Increase in Bank Overdraft balance ________.

  1. Add in Financing Activities
  2. Less in Financing Activities
  3. Add in Operating Activities
  4. Less in Operating Activities

 

Conversions of debentures into equity shares will be ________.

  1. No Effect
  2. Financing Activity
  3. Operating Activity
  4. Investing Activity

 

Purchase of marketable securities will result in ________.

  1. No effect on cash and cash equivalents
  2. Increase in cash and cash equivalents
  3. Decrease in cash and cash equivalents
  4. Increase in Investing activities.

 

Payment of dividend is classified as ________.

  1. Financial activities
  2. Operational activities
  3. Investment activities
  4. Both Operational activities and Investment activities

 

Which of the following items will be added in operating activities?

  1. Decrease in stock
  2. Increase in creditors
  3. Increase in debtors
  4. Increase in outstanding expenses
  1. A, B, D
  2. A, B, C, D
  3. A, B, C
  4. B, C, D

 

The statement of ________ may be prepared under the direct or indirect method.

  1. Cash Flow
  2. Fund flow
  3. Balance sheet
  4. Income statement

 

Which of the following is shown as an addition to financing activities?

  1. Increase in Bank Overdraft
  2. Decrease in Bank Overdraft
  3. Redemption of Debentures
  4. Redemption of Preference Shares

 

The various activities operating, investing and financing classified as per ________ related to cash flow statement.

  1. AS - 3 (revised)
  2. AS - 4 (revised)
  3. AS - 5 (revised)
  4. AS - 6 (revised)

 

Is payment for the purchase of fixed assets will be classified as an operating activity for both finance and non-finance company?

  1. No these are investing activities
  2. No these are financing activities
  3. Yes these are Operating activities
  4. Not to be recorded

 

Cash Flow Statement is also known as

  1. 'Statement of Changes in Financial Position on Cash basis' and 'Statement accounting for variation in cash' 
  2. Statement of Changes in Financial Position on Cash basis
  3. Statement accounting for variation in cash
  4. None of these

 

Which of the following is not concerned with Financing Activity?

  1. Sale of Non-current investment
  2. Issue of Equity Shares
  3. Increase in Securities Premium
  4. Loan taken from bank

 

While calculating the cash flow statement from investment activities following items should be added except?

  1. Cash paid for purchase of Non-current Investment
  2. Cash received from sale of fixed assets
  3. Cash received from sale of investments
  4. Interest received

 

Purchase of building results in

  1. outflow of cash
  2. inflow of cash
  3. no flow of cash
  4. both inflow and outflow

 

Which of the following transactions will result into flow of cash?

  1. Cash withdrawn from bank ₹ 20,000.
  2. Issued 20,000, 9% Debentures to the vendor of machinery.
  3. Received ₹ 19,000 form debtors.
  4. Deposited Cheques of ₹ 10,000 into bank.
  1. i and ii
  2. ii and iii
  3. only iii
  4. iv and i

 

Dividend paid by a Trading company is classified under which kind of activity while preparing cash flow statement

  1. Cash flow from Financing activities
  2. Cash flow from operating activities
  3. Cash flow from Investing activities
  4. Cash Equivalent

 

Purchase and Sales of Shares by a manufacturing company comes under ________.

  1. Investing activities
  2. Financing Activities
  3. Operating Activities
  4. Not recorded

 

Mention the net amount of source of cash when a fixed asset (having a book value of Rs. 15,000) is sold at a loss of Rs. 5,000.

  1. 10,000
  2. 5,000
  3. 20,000
  4. 15,000

 

Increase in the Computer Software (asset) will be ________.

  1. Deducted in Investing activities
  2. Deducted in Operating Activities
  3. Added in Investing activities
  4. Added in Operating Activities

 

Cash Credit is concerned with ________.

  1. Financing Activities
  2. Investing Activities
  3. Operating Activities
  4. Cash and Cash Equivalents

 

What will be the effect of a decrease in Trade receivables on cash Inflow?

  1. Add in operating activities
  2. Less in operating activities
  3. Add in financing activities
  4. Less in financing activities

 

Increase of decrease in the Bank balance is ________.

  1. Operating Activity
  2. Investing Activity
  3. Financing Activity
  4. Cash and Cash Equivalent

Cash flow from the operating activities of Pinnacle Ltd. for the year ended 31st March, 2019 was ₹28,000. The Balance Sheet along with notes to accounts of Pinnacle Ltd. as at 31st March, 2019 is given below:
Pinnacle Ltd. Balance Sheet as at 31st March,

 

Particulars

Note No.

31.3.2019
₹

31.3.2018
₹

I

Equity and Liabilities:

 

 

 

1

Shareholders Funds:

 

 

 

 

(a) Share Capital

 

9,00,000

5,00,000

 

(b) Reserve and Surplus

1

90,000

1,10,000

2

Non-Current Liabilities:

 

 

 

 

Long-term Borrowings

2

3,00,000

2,00,000

3

Current Liabilities:

 

 

 

 

Trade Payables

 

60,000

80,000

 

Total

 

13,50,000

8,90,000

II

Assets:

 

 

 

1

Non-Current Assets:

 

 

 

 

Fixed Assets:

 

 

 

 

(i) Tangible Assets

3

7,46,000

5,24,000

 

(ii) Intangible Assets

4

36,000

76,000

2

Current Assets:

 

 

 

 

(a) Current Investments

 

1,30,000

20,000

 

(b) Inventories

 

2,00,000

1,300,000

 

(c) Cash and Cash Equivalents

 

2,28,000

1,40,000

 

Total

 

13,50,000

8,90,000

You are given the following additional information:

  1. A machinery of the book value of ₹90,000 (depreciation provided thereon was ₹23,000), was sold at a profit of ₹12,000.
  2. 9% debentures were issued on 1st April, 2018. Prepare the Cash Flow Statement.

Prepare the Cash Flow Statement.

[2020]

 

Following is the Balance Sheet of RS. Ltd. as at 31st March, 2018:

R, S, Ltd, Balance Sheet as at 31-3-2018

Particulars

Note No.

31-3-2018
₹

31-3-2017
₹

I. Equity and Liabilities

 

 

 

(1) Shareholder’s Funds

 

 

 

(a) Share Capital

 

9,00,000

7,00,000

(b) Reserves and Surplus

 

2,50,000

1,00,000

(2) Non-current Liabilities

 

 

 

Long-term borrowings (12% Debentures)

 

4,50,000

3,50,000

(3) Current Liabilities

 

 

 

(a) Short-term borrowings

1

1,50,000

75,000

(b) Trade Payables

 

2,00,000

1,25,000

TOTAL

 

19,50,000

13,50,000

II. Assets

 

 

 

(1) Non-current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible

2

14,65,000

9,15,000

(ii) Intangible (Goodwill)

 

1,00,000

1,50,000

(b) Non-current Investments

 

1,50,000

1,00,000

(2) Current Assets

 

 

 

(a) Current Investments

 

40,000

70,000

(b) Inventories

 

1,22,000

72,000

(c) Cash and Bank Balances

 

73,000

43,000

TOTAL

 

19,50,000

13,50,000

Notes to Accounts:

Note No.

Particulars

31-3-2018
₹

31-3-2017
₹

1.

Short-term borrowings - Bank overdraft

1,50,000

75,000

2.

Tangible Assets

 

 

 

Machinery

16,75,000

10,55,000

 

Accumulated Depreciation

(2,10,000)

(1,40,000)

 

 

14,65,000

9,15,000

Additional Information : 

  1.  

Contingent Liability:

31.3.2018
₹

31.3.2017
₹

Proposed Dividend

2,00,000

1,25,000
  1. ₹ 1,00,000, 12% Debentures were issued on 31-3-2018.
  2. During the year a piece of machinery costing ₹ 80,000, on which accumulated depreciation was ₹ 40,000, was sold at a loss of ₹ 10,000.

Prepare a Cash Flow Statement.

 

Calculate Cash Flow from Operating Activities from the following information:

Particulars

Opening Balances (₹)

Closing Balances (₹)

Surplus, i.e., Balance n Statement of Profit and Loss

30,000

35,000

General Reserve

10,000

15,000

Provision for Depreciation on Plant

30,000

35,000

Outstanding Expenses

5,000

3,000

Goodwill

20,000

10,000

Trade Receivables (Sundry Debtors)

40,000

35,000

An item of plant costing ₹ 20,000 having book value of ₹ 14,000 was sold for ₹ 18,000 during the year.

 

Following are the Balance Sheets of Sewak Ltd. as at 31.3.2018 and 31.3.2017:

Particulars

Note No.

31 3.2018

31.3.2017

I. EQUITY AND LIABILITIES :

 

 

 

(1) Shareholder’s Funds :

 

 

 

(a) Share Capital

 

7,00,000

4,00,000

(b) Reserve & Surplus

1

(3,35,000)

(50,000)

(2) Non-Current Liabilities:

 

 

 

(a) Long-term Borrowings

2

4,00,000

2,00,000

(3) Current Liabilities

 

 

 

(a) Short-term Borrowings

3

22,000

30,000

(b) Trade Payables

 

1,28,000

80,000

(c) Other Current Liabilities

4

20,000

10,000

TOTAL

 

9,35,000

6,70,000

II. ASSETS:

 

 

 

(1) Non-Current Assets:

 

 

 

(a) Fixed Tangible Assets

 

5,00,000

3,00,000

(b) Non-Current Investments

 

1,40,000

2,00,000

(2) Current Assets:

 

 

 

(a) Inventory

 

1,00,000

50,000

(b) Trade Receivables

 

1,70,000

1,00,000

(c) Cash & Cash Equivalents

 

25,000

20,000

TOTAL

 

9,35,000

6,70,000

Notes:

(1)

Reserve & Surplus:

31.3.2018
(₹)

31.3.2017
(₹)

 

Profit & Loss Balance

(3,35,000)

(50,000)

(2)

Long-term Borrowings:

 

 

 

9% Debentures

4,00,000

2,00,000

(3)

Short-term Borrowings:

 

 

 

Cash Credit

22,000

30,000

(4)

Other Current Liabilities:

 

 

 

Outstanding Expenses

20,000

10,000

Additional Information :

  1. Included in the fixed assets was a piece of machinery costing ₹ 70,000 on which depreciation charged was ₹ 40,000 and it was sold for ₹ 30,000. During the year ₹ 1,40,000 depreciation was charged on fixed assets.
  2. Share Issue Expenses of ₹ 15,000 were incurred and written off from the Statement of Profit & Loss in 2017-18.

You are required to prepare a Cash Flow Statement.

 

From the following prepare cash flow statement as per AS - 3

Liabilities

2010

2011

Assets

2010

2011

Share Capital

2,88,000

3,20,000

Fixed Assets

2,40,000

4,00,000

Reserves And Surpluses

64,000

80,000

Less: Accumulated Depreciation

64,000

1,20,000

Bank Loan

80,000

60,000

 

1,76,000

2,80,000

creditors

2,48,000

2,40,000

Goodwill

64,000

56,000

bills payable

------

4,000

Investment

72,000

88,000

Proposed Dividend

36,000

48,000

Stock

1,60,000

1,80,000

Income Tax Payable

20,000

24,000

Debtors

1,60,000

1,52,000

 

.....

.....

Bank

1,04,000

20,000

 

7,36,000

7,76,000

 

7,36,000

7,76,000

Additional information:

  1. During the year a part of the machinery costing Rs. 40,000 was sold for Rs. 20,000.
  2. Depreciation provided during the year Rs. 80,000.
  3. Interim Dividend paid during the year Rs. 20,000.

 

From the following balance sheet of JY Ltd as at 31st March, 2017, prepare a cash flow.

Particulars

 

Note No.

31st March, 2017

31st March, 2016

 

 

 

₹

₹

I EQUITY AND LIABILITIES

 

 

 

 

(1) Shareholder's Funds

 

 

 

 

(a) Share Capital

 

 

5,00,000

5,00,000

(b) Reserves and Surplus

 

1

1,00,000

(25,000)

(2) Non-current Liabilitites

 

 

 

 

Long-term Borrowings

 

2

2,50,000

1,50,000

(3) Current Liabilities

 

 

 

 

(a) Short-term Borrowings

 

3

1,50,000

1,00,000

(b) Short-term Borrowings

 

4

 

1,25,000

 

Total

 

11,25,000

8,00,000

II ASSETS

 

 

 

 

(1) Non-current Assets

 

 

 

 

(a) Fixed AssetsTangible

 

5

6,00,000

4,50,000

(2) Current Assets

 

 

 

 

Table Receivables

 

 

2,75,000

2,25,000

Cash and Cash Equivalents

 

 

1,25,000

75,000

Short-term Loans and Advances

 

 

2,00,000

1,00,000

 

 

 

 

 

 

Total

 

11,25,000

8,00,000

Note to Accounts

Note No.

Particulars

31st March, 2017

31st March 2016

 

 

₹

₹

1.

Reserves and Surplus

 

 

 

(Surplus, i.e., Balance in the 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

 

 

 

(i) Proposed Dividend

75,000

50,000

 

(ii) Provision for Tax

1,25,000

75,000

 

 

2,00,000

1,25,000

5.

Tangible Assets

 

 

 

Machinery

7,37,500

5,25,000

 

Accumulated Description

(1,37,500)

(75,000)

 

 

6,00,000

4,50,000

Additional Information: ₹ 1,00,000, 10% debentures were issued on 31st March, 2017.

[2018]

 

From the following Balance Sheet of Young India Ltd., prepare Cash Flow Statement:

Particulars

Note No.

31.3.2019

31.3.2018

 

 

₹

₹

I. Equity and Liabilities:

 

 

 

1. Shareholders Funds:

 

 

 

(a) Share Capital

 

2,50,000

2,00,000

(b) Reserve 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) Investments

 

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

 

From the following Balance Sheets of Ranjan Ltd. prepare Cash Flow Statement:

Liabilities

2001

2002

Assets

2001

2002

Equity Share Capital

1,50,000

2,00,000

Goodwill

36,000

20,000

12% Pre. Share Capital

75,000

50,000

Building

80,000

60,000

General Reserve

20,000

35,000

Plant

40,000

1,00,000

Profit and Loss A/c

15,000

24,000

Debtors

1,19,000

1,54,500

Creditors

37,500

49,500

Stock

10,000

15,000

 

...

Cash

12,500

9,000

...

 

2,97,500

2,58,500

 

2,97,500

3,58,500

Depreciation charged on plant was Rs. 10000 and building Rs. 60000.

 

From the following balance sheet of BCR Ltd as at 31st March, 2010 and 2011. Prepare a cash flow statement.

Particulars

Note No.

31st March, 2010 Amt (Rs)

31st March, 2011 Amt (Rs)

I.EQUITY AND LIABILITIES

 

 

 

1.Shareholders' Funds

 

 

 

(a)Equity Share Capital

 

5,00,000

7,00,000

(b)Reserves and Surplus(Balance in statement of profit and loss)

 

2,00,000

3,50,000

2.Current Liabilities 

 

 

 

(a)Short-term Borrowings (Bank loan)

 

1,00,000

50,000

(b)Trade Payable (Creditors)

 

55,000

52,000

(c)Short-term Provisions

1

80,000

1,20,000

Total

 

9,35,000

12,72,000

II.ASSETS

 

 

 

1.Non-current Assets

 

 

 

(a)Fixed Assets

2

6,00,000

5,95,000

(b)Non-current Investment

 

-

1,00,000

2.Current Assets

 

 

 

(a)Trade Receivables (Debtors)

 

80,000

1,47,000

(b)Inventories (Stock)

 

55,000

1,30,000

(c) Cash and Cash Equivalents (Bank)

 

2,00,000

3,00,000

Total

 

9,35,000

12,72,000

Notes to Accounts

Particulars

31st March, 2010 (Rs)

31st March, 2011(Rs)

1.Short-term Provisions

 

 

Provision for Tax

30,000

50,000

Proposed Dividend

50,000

70,000

 

80,000

1,20,000

2.Fixed Assets

 

 

Tangible (Equipment)

5,00,000

5,00,000

Intangible (Patents)

1,00,000

95,000

 

6,00,000

5,95,000

Additional Information
During the year equipment costing Rs.1,00,000 was purchased. Loss on sale of equipment amounted to Rs.12.000. Rs.18,000 depreciation was charged on equipment. 

[2012]

 

Following is the balance sheet of Thermal Power Ltd as at 31st March, 2014.

Balance Sheet as at 31st March,2014

Particulars

Note No.

2013-14

2012-13

 

 

₹

₹

I.EQUITY AND LIABILITIES

 

 

 

1.Shareholders' Funds

 

 

 

(a) Share Capital

 

12,00,000

11,00,000

(b) Reserves and Surplus

1

3,00,000

2,00,000

2.Non-current Liabilities

 

 

 

Long-term Borrowings

 

2,40,000

1,70,000

3.Current Liabilities

 

 

 

(a)Trade Payables

 

1,79,000

2,04,000

(b)Short-term Provisions

 

50,000

77,000

Total

 

19,69,000

17,51,000

II. ASSETS

 

 

 

1.Non-current Assets 

 

 

 

(a)Fixed Assets

 

 

 

(i)Tanglible

2

10,70,000

8,50,000

(ii)Intangible

3

40,000

1,12,000

2.Current Assets

 

 

 

(a) Current Investments

 

1,29,000

1,43,000

(b) Inventories

 

2,40,000

1,50,000

(c) Trade Receivables

 

1,70,000

1,21,000

(d) Cash and Cash Equivalents

 

3,20,000

3,75,000

Total

 

19,69,000

17,51,000

Notes to Accounts

Particulars

2013-14

2012-13

 

₹

₹

1.Reserves and Surplus

 

 

Surplus (Balance in Statement of Profit and Loss)

3,00,000

2,00,000

2.Tangible Assets 

 

 

Machinery 

12,70,000

10,00,000

(-)Accumulated Depreciation

(2,00,000)

(1,50,000)

 

10,70,000

8,50,000

3.Intangible Assets

 

 

Goodwill

40,000

1,12,000

Additional Information
During the year a piece of machinery, costing ₹ 24,000 on which accumulated depreciation was ₹16,000, was sold for ₹ 6,000.
Prepare cash flow statement.

[2015]

 

From the following particulars, calculate Cash Flow from Investing Activities:

Particulars

31st March, 2020

31st March, 2019

 

₹

₹

Investments in Land

3,00,000

3,00,000

Shares in Damodar Ltd.

1,50,000

1,50,000

12% Long-term Investments

80,000

50,000

Plant and Machinery

7,50,000

6,00,000

Patents

70,000

1,00,000

Goodwill

1,50,000

1,00,000

Additional Information:

  1. A piece of land was purchased as an Investment out of surplus. It was let out for commercial purpose and the rent received was ₹ 20,000.
  2. Dividend received from Damodar Ltd. @ 12%
  3. Patents written off to the extent of ₹ 20,000. Some patents were sold at a profit of ₹ 10,000.
  4. A machine costing ₹ 80,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 35,000. Depreciation charged during the year was ₹ 70,000.
  5. During the year 12% investments were purchased for ₹ 1,00,000 and some investments were sold at a profit of ₹ 10,000. Interest on investments for the year was duly received.

 

You are required to prepare a Cash-Flow Statement (as per AS-3) for the year 2017-18 from the following Balance Sheets:

Balance Sheets of Janaki India Ltd.
as at 31st March, 2018 and 31st March, 2017

Particulars

Note No.

31.03.2018
₹

31.03.2017
₹

I. EQUITY AND LIABILITIES

 

 

 

1. Shareholders’ Funds

 

 

 

(a) Share Capital (Equity Share Capital)

 

3,00,000

2,00,000

(b) Reserves and Surplus (Statement of P/L)

 

1,20,000

70,000

2. Non-Current Liabilities

 

 

 

{a) Long Term Borrowings (8% Debentures)

 

1,50,000

1,20,000

3. Current Liabilities

 

 

 

(a) Short Term Borrowings (Bank Overdraft)

 

19,000

5,000

(b) Trade Payables (Creditors)

 

81,000

80,000

(c) Short Term Provisions

1

82,000

61,600

TOTAL

 

7,52,000

5,36,600

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets

 

 

 

Tangible

2

2,04,200

1,83,000

(b) Non-Current Investments

 

1,30,000

1,20,000

2. Current Assets

 

 

 

(a) Inventories

 

1,41,500

1,25,000

(b) Trade Receivables

 

64,600

64,500

(c) Cash and Bank Balances

 

2,11,700

44,100

TOTAL

 

7,52,000

5,36,600

Notes to Accounts :

Particulars

31.03.2018
₹

31.03.2017
₹

1. Short term Provisions

 

 

Provision for Taxation

80,000

60,000

Provision for Doubtful Debts

2,000

1,600

 

82,000

61,600

2. Fixed Assets (Tangible)

 

 

Plant and Machinery

2,43,000

2,23,000

Less : Accumulated Depreciation

(38,800)

(40,000)

 

2,04,200

1,83,000

Additional Information:
During the year 2017-18:

  1. A part of the machine was sold for ₹ 21,000 at a profit of ₹ 4,000.
  2. The company charged ₹ 3,000 as depreciation on its Plant and Machinery.
  3. New Debentures were issued on 31st March, 2018, at a discount of 10%.
  4. Interest of ₹ 9,600 was paid on Debentures.
  5.  

Contingent Liability :

31.3.2018

31.3.2017

Proposed Dividend

25%

30%

 

From the following Balance Sheet of Fine products Ltd. as at 31st March, 2019:

Particulars

Note No.

31.3.2019

31.3.2018

 

 

₹

₹

I. Equity and Liabilities:

 

 

 

1. Shareholders Funds:

 

 

 

(a) Share Capital: Equity Share Captial

 

3,50,000

3,00,000

(b) Reserve 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) Investments

 

39,000

57,000

(b) Trade Receivables

 

1,08,000

75,000

(c) Cash and Cash Equivalents

 

28,000

17,000

Total

 

4,98,000

4,09,000

Notes to Accounts

Particulars

Note No.

31.3.2019

31.3.2018

 

 

₹

₹

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

90,00

 

 

2,48,000

2,00,000

Note: Proposed dividend 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.

 

From the following Balance Sheet Himmat Ltd., prepare Cash Flow statement.

Particulars

Note No.

31st March, 2020

31st March, 2019

 

 

₹

₹

1. EQUITY AND LIABILITIES

 

 

 

1. Shareholders' Funds

 

 

 

(a) Share Capital

 

15,00,000

10,00,000

(b) Reserves and Surplus
(Surplus, i.e., Balance in Statement of Profit and Loss)

 

7,50,000

6,00,000

2. Non-Current Liabilities

 

 

 

Long-term Borrowings

1

1,00,000

2,00,000

3. Current Liabilities

 

 

 

(a) Trade Payables

 

1,00,000

1,10,000

(b) Short-term Borrowings

2

95,000

80,000

Total

 

25,45,000

19,90,000

II.ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible Assets

3

10,10,000

12,00,000

(ii) Intangible Assets: Goodwill

 

1,80,000

2,00,000

(b) Non-Current Investments

 

6,00,000

-

2. Current Assets

 

 

 

(a) Inventories

 

1,80,000

1,00,000

(b) Trade Receivables

 

2,00,000

1,50,000

(c) Cash and Cash Equivalents

 

3,75,000

3,40,000

Total

 

25,45,000

19,90,000

Notes to Accounts

Particulars

31st March, 2020

31st March, 2019

 

₹

₹

1. Long-term Borrowings

 

 

2,000, 10% Debentures of ₹ 100 each

-

2,00,000

Bank Loan

1,00,000

 

 

1,00,000

2,00,000

2. Short-term Provisions

 

 

Provision for Tax

95,000

80,000

 

 

 

3. Tangible Assets

 

 

Land and Building

6,50,000

8,00,000

Plant and Machinery

3,60,000

4,00,000

 

10,10,000

12,00,000

4. Cash and Cash Equivalents

 

 

Cash in Hand

70,000

50,000

Bank Balance

3,05,000

2,90,000

 

3,75,000

3,40,000

Additional Information:

  1.  

Contingent Liabilitiy: 

31st March, 2020

31st March, 2019

Proposed Dividend

20%

15%
  1. Income tax paid during the yaear includes ₹ 15,000 paid towards Dividend Distribution Tax.
  2. Land and Building of book value ₹ 1,50,000 was sold at a profit of 10%
  3. The rate of depreciation on Plant and Machinery is 10%.

 

Prepare Cash Flow Statement from the following:

STATEMENT OF PROFIT AND LOSS
for the year ended 31 st March, 2019

Particulars

Note No.

₹

I. Revenue from Operations (Net Sales)

 

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

BALANCE SHEET
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 Borrowing: Bank Overdraft

 

13,000

-

(b) Trade Payables (Creditors)

 

2,85,000

2,38,000

(c) Short-term Provisions: Provision for Tax

 

44,000

30,000

Total

 

13,62,000

10,38,000

II. ASSETS

 

 

 

1. Non-Current Assets

 

 

 

(a) Fixed Assets

 

6,20,000

4,00,000

2. Current Assets

 

 

 

(a) Short-term Investments (Marketable Securities)

 

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

Note to Accounts

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

 

Following are the Balance Sheets of Krishna Ltd. as on 31st March 2014 and 2013 :

Balance Sheets of Krishna Ltd.
as at 31st March 2014 and 2013

Particulars

31st March 2007(Rs.)

31st March 2006(Rs.)

I. EQUITY AND LIABILITIES

 

 

1. Shareholders Funds

 

 

(a) Share Capital 

14,00,000

10,00,000

(b) Reserves and Surplus

5,00,000

4,00,000

2. Non - Current Liabilities

 

 

Long - term Borrowings

5,00,000

1,40,000

3. Current Liabilities

 

 

(a) Trade Payables(Creditors) 

1,00,000

60,000

(b) Short - term Provisions

1,00,000

60,000

 

25,80,000

16,60,000

II. ASSETS

 

 

1. Non - Current Assets

 

 

(a) Fixed Assets

 

 

(i) Tangible Assets

16,00,000

9,00,000

(ii) Intangible Assets

1,40,000

2,00,000

2. Current Assets

 

 

(a) Inventories(Stock)

2,50,000

2,00,000

(b)Trade Receivables

5,00,000

3,00,000

(b) Cash and Cash Equivalents : Bank

90,000

60,000

 

25,80,000

16,60,000

Notes to Accounts

Particulars

31st March 2014(Rs.)

31st March 2013(Rs.)

1. Reserves and Surplus

 

 

Surplus, i.e. Balance in Statement of Profit and Loss

5,00,000

4,00,000

2. Short-term Provisions

 

 

Provision for Tax

80,000

60,000

3. Tangible Assets

 

 

Machinery

17,60,000

10,00,000

Less: Accumulated Depreciation

(1,60,000)

(1,00,000)

 

16,00,000

9,00,000

4. Intangible Assets

 

 

Goodwill

1,40,000

2,00,000

Prepare Cash Flow Statement after taking into account the following adjustment:
Tax paid during the year amounted to Rs. 70,000.

 

From the following Balance Sheets of X Ltd., you are required to prepare a Cash Flow Statement:

Particulars

Note No.

31.3.2018
₹

31.3.2017
₹

I. EQUITY AND LIABILITIES:

 

 

 

(1) Shareholder’s Funds:

 

 

 

(a) Share Capital

 

2,00,000

2,00,000

(,b) Reserve and Surplus

 

1,55,000

80,000

(2) Current Liabilities:

 

 

 

(a) Trade Payables

 

1,28,000

1,45,000

(b) Short term Provision

1

45,000

35,000

TOTAL

 

5,28,000

4,60,000

II. ASSETS:

 

 

 

(1) Non-Current Assets:

 

 

 

(a) Fixed Assets:

 

 

 

(i) Tangible Assets

2

2,00,000

1,50,000

(ii) Intangible Assets

3

33,000

40,000

(2) Current Assets:

 

 

 

(a) Current Investments

4

15,000

12,000

(b) Inventory

 

2,15,000

1,80,000

(c) Trade Receivables

 

50,000

60,000

(d) Cash & Bank

 

10,000

8,000

(e) Other Current Assets

5

5,000

10,000

TOTAL

 

5,28,000

4,60,000

Notes:

(1)

Short term Provision:

31.3.2018
₹

31.3.2017
₹

 

Provision for Taxation

45,000

35,000

(2)

Tangible Assets:

 

 

 

Machinery

2,00,000

1,50,000

(3)

Intangible Assets:

 

 

 

Goodwill

33,000

40,000

(4)

Current Investments:

 

 

 

Marketable Securities

15,000

12,000

(5)

Other Current Assets:

 

 

 

Prepaid Expenses

5,000

10,000

Additional Information :

  1. Machinery whose original cost was ₹ 50,000 was sold for ₹ 10,000 during the year. Accumulated depreciation on this machinery was ₹ 26,000.
  2. Depreciation on Machinery charged during the year ₹ 20,000.
  3. An Interim Dividend was paid during the year @ 10% on Equity share Capital.

 

Following is the Balance Sheet of a company. Prepare Cash Flow Statement.

Particulars

Note No.

31st March, 2010

Amt (Rs)

31st March,2011

Amt (Rs)

I. EQUITY AND LIABILITIES

 

 

 

1.Shareholders' Funds

 

 

 

(a)Equity Share Capital

 

2,50,000

3,50,000

(b)Reserves and Surplus 

 

40,000

5,000

2.Non-current Liabilities

 

 

 

Long-term Borrowings ((12% debentures)

 

60,000

1,00,000

3.Current Liabilities

 

 

 

Trade Payable

 

1,50,000

1,25,000

                                                              Total

 

5,00,000

5,80,000

II.ASSETS

 

 

 

1.Non-current Assets

 

 

 

(a)Fixed Assets

 

2,00,000

2,80,000

(b)Non-current Investments

 

1,00,000

1,00,000

2.Current Assets

 

 

 

(a)Trade Receivables

 

1,50,000

1,60,000

(b)Cash and Cash Equivalents

 

30,000

40,000

(c)Other Current Assets (Prepaid expenses)

 

20,000

-

Total

 

5,00,000

5,80,000

Notes to Accounts :

Particulars

31st March, 2011(Rs.)

31st March, 2012 (Rs.)

1.Reserves and Surplus

 

 

Surplus, i.e. Balance in Statement of Profit and Loss

40,000

(20,000)

Securities Premium

-

25,000

 

40,000

5,000

Additional Information :

  1. Debentures were issued on 1st April, 2011.
  2. During the year a machine included in fixed assets costing Rs.1,20,000 was purchased and another machine of the book value of Rs.30,000 was sold at a loss of Rs. 2,000.

[2012]

 

Following are the Balance Sheets of X Ltd. as at 31-03-2018 and 31-03-2017 prepare a Cash Flow statement:

BALANCE SHEET as at

Particulars

Note No.

31.3.2018
₹

31.3.2017
₹

I. EQUITY AND LIABILITIES :

 

 

 

(1) Shareholder’s Funds:

 

 

 

(a) Share Capital

 

4,50,000

4,50,000

(b) Reserve & Surplus

1

4,78,000

3,56,000

(2) Non-Current Liabilities :

 

 

 

Long-term Borrowings

2

1,70,000

—

(3) Current Liabilities:

 

 

 

(a) Trade Payables

 

1,09,000

2,03,000

(b) Short term Provision

3

35,000

40,000

TOTAL

 

12,42,000

10,49,000

II. ASSETS :

 

 

 

(1) Non-Current Assets:

 

 

 

Fixed Assets :

 

 

 

(i) Tangible Assets

4

3,20,000

4,00,000

(it) Intangible Assets

5

60,000

50,000

(2) Current Assets :

 

 

 

(a) Current Investments

 

70,000

78,000

(b) Inventory

 

1,70,000

2,15,000

(c) Trade Receivables

 

4,55,000

2,10,000

(d) Cash and Bank

 

1,67,000

96,000

TOTAL

 

12,42,000

10,49,000

Notes :

 

 

31.3.2018
₹

31.3.2017
₹

(1)

Reserve & Surplus:

 

 

 

Retained Earnings

4,78,000

3,56,000

(2)

Long-term Borrowings:

 

 

 

Mortgage Loan

1,70,000

—

(3)

Short term Provision:

 

 

 

Provision for Taxation

35,000

40,000

(4)

Tangible Assets:

 

 

 

Land

1,40,000

2,50,000

 

Plant & Machinery

1,80,000

1,50,000

 

 

3,20,000

4,00,000

(5)

Intangible Assets:

 

 

 

Goodwill

60,000

50,000

Additional Information:-

  1. Gain on sale of Land ₹ 30,000.
  2. Depreciation on Plant & Machinery was provided at 10% on last year’s balance.
  3. Interest paid on Mortgage Loan amounted to ₹ 24,300.
  4. Provision for income tax made during the year 2017-18 was ₹ 32,000.

 

Following is the Balance Sheet of K.K. Ltd. as at 31st March, 2015:

BALANCE SHEET as at 31st March, 2015

Particulars

Note No.

31st March, 2015 ₹

31st March, 2014 ₹

I. Equity and Liabilities

 

 

 

1. Shareholders' Funds

 

 

 

(a) Share Capital

 

10,00,000

8,00,000

(b) Reserve and Surplus

1

4,00,000

(1,00,000)

2. Non-Current Liabilities:

 

 

 

Long-term Borrowings

2

9,00,000

10,00,000

3. Current Liabilities:

 

 

 

(a) Short term Borrowings

3

3,00,000

1,00,000

(b) Short term Provisions

4

1,40,000

1,80,000

Total

 

27,40,000

19,80,000

II. Assets:

 

 

 

1. Non-Current Assets:

 

 

 

(a) Fixed Assets:

 

 

 

(i) Tangible Assets

5

20,06,000

14,40,000

(ii) Intangible Assets

6

40,000

60,000

(b) Non-Current Investments

 

2,00,000

1,50,000

2. Current Assets

 

 

 

(a) Current Investments

 

1,00,000

1,20,000

(b) Inventories

7

2,14,000

90,000

(b) Cash and Cash Equivalents

 

1,80,000

1,20,000

Total

 

27,40,000

19,80,000

Notes to Accounts:

Particulars

31 March, 2019 (₹)

31 March, 2018 (₹)

1. Reserve and Surplus

 

 

Surplus (Balance in statement of Profit and Loss)

4,00,000

(1,00,000)

2. Long term Borrowings

 

 

12% debentures

9,00,000

10,00,000

3. Short term Borrowings

 

 

Bank overdraft

3,00,000

1,00,000

4. Short term provisions

 

 

Provision for tax

1,40,000

1,80,000

5. Tangible Assets

 

 

Machinery

24,06,000

16,42,000

Less : Accumulated Depreciation

(4,00,000)

(2,02,000)

 

20,06,000

14,40,000

6. Intangible Assets

 

 

Goodwill

40,000

60,000

7. Inventories

 

 

Stock in trade

2,14,000

90,000

Additional Information:

  1. 12% Debentures were redeemed on 31st March, 2015.
  2. Tax ₹ 1,40,000 was paid during the year.

Prepare Cash Flow Statement.

[2016]

 

From the following balance sheets of Mansi Ltd. as at 31st march 2017 and 31st march 2016 Prepare Cash Flwo statement.

Particulars

Note No.

31st March 2017

31st March 2016

EQUITY AND LIABILITY

 

 

 

Shareholders Fund

 

 

 

Share capital

1

1000000

800000

Reserves and surplus

2

74000

60000

non current liabilities

 

q

 

15% Deb

 

130000

120000q

Current Liabilities

 

 

 

Bank overdraft

 

136000

250000

Trade Payables

 

220000

240000

Short term Provisions

3

200000

160000

 

 

1760000

1630000

Assets

 

 

 

Non current Asset

 

 

 

Fixed Asset

4

500000

600000

Current Asset

 

 

 

Inventories

 

700000

600000

Trade receivabkes

 

480000

400000

Cash

 

80000

30000

 

 

1760000

1630000

Notes to accounts

Share capital

 

 

Equity Share Capital

900000

800000

12% Preference Share capital

100000

-

 

1000000

800000

Reserves & Surplus

 

 

General Reserve

50000

40000

Surplus

24000

20000

 

74000

60000

Short Term Proviion 

 

 

Provision fro tax

84000

60000

Proposed Dividend

116000

100000

 

200000

160000

Fixed Asset

 

 

Tangible Asset

800000

820000

- Dep

300000

220000

 

500000

600000

 Additional Information

  1. Interest paid on debentures 18000
  2. Preference share were issued on march 31st 2017
  3. Tax provided during the year 84000.

Prepare cash flow statement.

 

You are required to prepare a Cash-Flow Statement (as per AS-3) for the year 2016-17 from the following Balance Sheets.

Balance Sheets of Honesty Ltd.
as at 31st March, 2016 and 31st March, 2017

Particulars

Note No.

31-3-2017
₹

31-3-2016
₹

I. EQUITY AND LIABILITIES

 

 

 

(1) Shareholders Funds

 

 

 

(a) Share Capital (Equity Share Capital)

 

14,00,000

10,00,000

(b) Reserves and Surplus (Statement of P&L)

 

5,00,000

4,00,000

(2) Non-Current Liabilities

 

 

 

Long Term Borrowings (10% Debentures)

 

5,00,000

1,40,000

(3) Current Liabilities

 

 

 

(a) Short Term Borrowings (Bank Overdraft)

 

20,000

30,000

(a) Trade Payables (Creditors) 

 

1,00,000

60,000

(b) Short - term Provisions

1

60,000

30,000

TOTAL

 

25,80,000

16,60,000

II. ASSETS

 

 

 

(1) Non-Current Assets

 

 

 

Fixed Assets

 

 

 

(i) Tangible

2

16,00,000

9,00,000

(ii) Intangible (Goodwill)

 

1,40,000

2,00,000

(2) Current Assets

 

 

 

(a) Inventory

 

2,50,000

2,00,000

(b) Trade Receivables

 

5,00,000

3,00,000

(b) Cash and Cash Equivalents : Bank

 

90,000

60,000

TOTAL

 

25,80,000

16,60,000

Notes to Accounts

Particulars

31-3-2016
₹

31-3-2017
₹

1. Short-term Provisions:

 

 

Provision for taxation

60,000

30,000

2. Fixed Assets (Tangible):

 

 

Plant and Machinery

17,60,000

10,00,000

Less: Accumulated Depreciation

(1,60,000)

(1,00,000)

 

16,00,000

9,00,000

Additional Information:

During the year 2016-17:

  1. A part of the machine, costing ₹ 50,000, accumulated depreciation thereon being ₹ 20,000, was sold for ₹ 18,000.
  2. Tax paid ₹ 20,000.
  3. Interest paid on Debentures ₹ 50,000.

 

From the following Balance Sheets of X Y Ltd. as at 31.3.2018 and 31.3.2017 prepare a Cash-Flow Statement:

Particulars

Note No.

31.3.2018

31.3.2017

I. EQUITY AND LIABILITIES:

 

 

 

(1) Shareholder’s Funds:

 

 

 

(a) Share Capital

1

8,50,000

4,60,000

(b) Reserve & Surplus

2

1,70,000

2,40,000

(2) Non-Current Liabilities:

 

 

 

Long-term Borrowings

3

1,80,000

2,00,000

TOTAL

 

12,00,000

9,00,000

II. ASSETS:

 

 

 

(1) Non-Current Assets:

 

 

 

Fixed Assets

 

7,00,000

5,00,000

(2) Current Assets:

 

 

 

(a) Inventory

 

2,50,000

2,10,000

(b) Trade Receivables

 

1,90,000

1,40,000

(c) Cash & Cash Equivalents

 

60,000

50,000

TOTAL

 

12,00,000

9,00,000

Notes :

(1)

Share Capital:

31.3.2018 (₹)

31.3.2017 (₹)

 

Equity Share Capital

7,50,000

4,00,000

 

8% Preference Share Capital

1,00,000

60,000

 

 

8,50,000

4,60,000

(2)

Reserve & Surplus:

 

 

 

General Reserve

50,000

70,000

 

Profit & Loss Balance

1,20,000

1,70,000

 

 

1,70,000

2,40,000

(3)

Long-term Borrowings:

 

 

 

10% Debentures

1,80,000

2,00,000

Additional Information :

  1. During the year machine of the book value of ₹ 80,000 was sold for ₹ 50,000.
  2. Interim Dividend paid on equity share capital ₹ 80,000.

 

From the following information, Calculate:

  1. Cash Flows from Investing Activities, and
  2. Cash Flows from Financing Activities.

Particulars

31st March, 2018

31st March, 2017

Plant & Machinery

6,80,000

5,60,000

Accumulated Depreciation on Plant & Machinery

1,70,000

1,48.000

Equity Share Capital

12,00,000

10,00,000

Loan from Bank

2,00,000

1,50,000

Additional Information:

  1. During the year a machine costing ₹ 1,20,000 was sold at a profit of ₹ 15,000, Depreciation on Plant & Machinery charged during the year amounted to ₹ 50,000,
  2. Interest paid on Bank Loan amounted to ₹ 30,000,
  3. Dividend paid ₹ 80,000,

 

From the following Balance sheets of Vanijya Ltd.as at 31st march 2010 and 2011. Prepare cash flow statement.

Particulars

Note no

31st March 2011

31st March 2010

Equity and Liabilities

 

 

 

Shareholders fund 

 

 

 

sahre capital

 

65000

45000

Reseerve and surplus

1

42500

24000

Current libilities

 

 

 

Trade payables

 

11000

8700

 

 

118500

77700

Assets

 

 

 

Non Current asset

 

 

 

fixed asset

 

83000

46700

Current asset

 

 

 

Stock

 

13000

11000

debtors

 

19500

18000

Cash

 

3000

2000

Total

 

118500

77700

Notes to accounts

Particulars

31 march 2011

Mar 31, 2010

General Reserve

27500

15000

Surplus

15000

9000

 

42500

24000

Additional Information

  1. Dep on fixed asset for the year was 14700.
  2. An interi dividend 7000 has been paid to share holders during the year.

 

From the following summarised Balance Sheets of a company, calculate the Cash Flow from operating activities:

Particulars

Note No.

31-3-2018
₹

31-3-2017
₹

I. EQUITY AND LIABILITIES:

 

 

 

(1) Shareholder’s Funds:

 

 

 

(a) Share Capital

 

50,000

50,000

(b) Reserve and Surplus

 

60,000

30,000

(2) Non-Current Liabilities

 

 

 

Long-term Borrowings

1

80,000

60,000

(3) Current Liabilities

 

 

 

(a) Trade Payables

 

35,000

48,000

(b) Short term Provision

2

40,000

32,000

TOTAL

 

2,65,000

2,20,000

II. ASSETS :

 

 

 

(1) Non-Current Assets :

 

 

 

(a) Fixed Assets

 

1,40,000

1,00,000

(b) Investments

 

30,000

40,000

(2) Current Assets :

 

 

 

(a) Inventory

 

45,000

30,000

(b) Trade Receivables

 

40,000

30,000

(c) Cash & Cash Equivalents

 

10,000

20,000

TOTAL

 

2,65,000

2,20,000

Note:-

(1)

Long-term Borrowings:

31.3.2018 (₹)

31.3.2017 (₹)

 

6% Debentures

80,000

60,000

(2)

Short term Provision:

 

 

 

Provision for Tax

40,000

32,000

 

From the following particulars, calculate Cash from Investing Activities:

Particulars

Opening Balances

Closing Balances

Plant & Machinery (at cost)

3,00,000

3,20,000

Accumulated Depreciation

90,000

1,00,000

Patents

2,60,000

1,40,000

Goodwill

80,000

1,00,000

Additional Information:

During the year:

  1. Depreciation charged on Plant and Machinery ₹ 36,000.
  2. A machine having a book value of ₹ 20,000 was sold for ₹ 16,000.
  3. Patents having a book value of ₹ 80,000 was sold for ₹ 1,10,000.

 

Prepare a Cash Flow Statement on the basis of the information given in the balance sheet of ABC Ltd., as at 31.03.2018 & 2017.

Particulars

Note No.

31.3.2018
₹

31.3.2017
₹

I. EQUITY AND LIABILITIES:

 

 

 

(1) Shareholder’s Funds

 

 

 

(a) Share Capital

 

70,000

60,000

(b) Reserves and Surplus

1

44,000

8,000

(2) Non-Current Liabilities

 

 

 

(a) Long-term Borrowings

 

50,000

50,000

(3) Current Liabilities

 

 

 

(a) Trade Payables

2

25,000

9,000

TOTAL

 

1,89,000

1,27,000

II. ASSETS:

 

 

 

(1) Non-Current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible Assets

 

98,000

84,000

(b) Non-Current Investments

 

16,000

6,000

(2) Current Assets

 

 

 

(a) Current investments

 

18,000

20,000

(b) Inventories

 

49,000

12,000

(c) Cash and Bank Balances

 

8,000

5,000

TOTAL

 

1,89,000

1,27,000

Notes to Accounts:

1.

Reserve & Surplus:

31.03.2018
₹

31.03.2017
₹

 

General Reserve

30,000

20,000

 

Surplus i.e. Balance in Statement of Profit and Loss

14,000

(12,000)

 

 

44,000

8,000

2.

Trade Payables:

 

 

 

Sundry Creditors

23,500

6,500

 

Bills Payable

1,500

2,500

 

 

25,000

9,000

Additional Information :

  1. Depreciation provided on tangible assets (Machinery) during the year ₹ 8,000.
  2. Interest paid on debentures ₹ 5,000.

 

From the following Balance Sheets of Sonal Ltd. as at 31st March 2010 and 31st March 2011, prepare a Cash Flow Statement:

Particulars

Note No.

31st March 2011(Rs.)

31st March 2010(Rs.)

I. EQUITY AND LIABILITIES

 

 

 

1. Shareholders Funds

 

 

 

(a) Share Capital 

1

1,50,000

1,00,000

(b) Reserves and Surplus

2

50,000

25,000

2. Non - Current Liabilities

 

 

 

Long - term borrowings

3

25,000

50,000

3. Current Liabilities

 

 

 

(a) Trade Payables

 

11,250

15,000

(b) Short - term Provisions

4

32,500

30,000

 

 

2,68,750

2,20,000

II. ASSETS

 

 

 

1. Non - Current Assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible Assets

5

1,50,000

1,50,000

(ii) Intangible Assets

6

11,250

12,500

(b) Non - current Investment

 

18,750

--

2. Current Assets

 

 

 

(a) Inventories

 

3,750

2,500

(b) Trade Receivables

 

63,750

50,000

(c) Cash and Cash Equivalents

 

21,250

5,000

 

 

2,68,750

2,20,000

Note to Accounts:

Particulars

31st March 2011(Rs.)

31st March 2010(Rs.)

1. Share Capital:

 

 

Equity Share Capital

1,50,000

1,00,000

2. Reserve and Surplus:

 

 

Statements of Profit and Loss

50,000

25,000

3. Long-term Borrowings :

 

 

Bank Loan

25,000

50,000

4. Short-term Provisions:

 

 

Proposed Dividend

15,000

20,000

Provision for Tax

17,500

10,000

5. Tangible Assets:

 

 

Building

1,50,000

1,50,000

6. Intangible Assets:

 

 

Patents

11,250

12,500

During the year, Building having book value Rs. 50,000 was sold at a loss of Rs. 2,000 and depreciation charged on Building was Rs. 4,000.

[2012]

 

From the following Balance Sheet, Prepare a Cash Flow Statement as per AS-3 (Revised).

Particulars 

Note No.

31st March,2008

Amt (Rs)

31st March2009

Amt (Rs)

I. EQUITY AND LIABILITIES

 

 

 

1.Shareholders'  Funds

 

 

 

(a)Share Capital

 

12,000

15,000

(b)Reserves and Surplus ( Surplus, i.e. Balance in Statement of Profit and loss)

 

5,000

6,000

2.Current Liabilities

 

 

 

Trade Payable (Creditors)

 

15,000

11,000

Total

 

32,000

32,000

II.ASSETS

 

 

 

1.Non-current Assets

 

 

 

Fixed Assets

 

5,000

8,000

2.Current Assets

 

 

 

(a)Inventories (Stock)

 

6,000

4,000

(b)Trade Receivables (Debtors)

 

10,000

8,000

(c)Cash and Cash Equivalents (Cash)

 

11,000

12,000

Total

 

32,000

32,000

A dividend of Rs.3,000 was paid during the year 2008-09

 

 

 

Comments

Post a Comment

Popular posts from this blog

Picture based MCQs in Business studies class 12 Quiz-2

-
Image
Business studies class xii picture based Quiz-2 Index => Business studies class xii picture based Quiz-2 Quiz Show all questions <=   => Which Step of the controlling process is been depicted in the following image: ?   Measurement of actual performance ?   Taking corrective action ?   comparing actual performance with standards ?   Analysing deviation The following pictorial presentation highlight the need to conduct one of the techniques of scientific management. Identify the technique ?   Time study ?   Fatigue study ?   Motion study ?   Method study Identify the concept of management from picture ?   Management both science and art ?   management as a science ?   Management as an art ?   Management as a profession Which type of organization is created as ...
Read more

Picture based mcqs in business studies Quiz-5

-
Image
Picture based mcqs in business studies Quiz-5 Index => Picture based mcqs in business studies Quiz-5 Quiz Show all questions <=   => Name the feature of marketing referred to as a essence of marketing ?   Need and want ?   customer value ?   market offering ?   None of the above Identify the money market instument from the picture below ?   Cerficate of deposit ?   call money ?   commercial paper ?   treasury bill Name the feature of marketing referred to as a essence of marketing ?   Need and want ?   market offering ?   Exchange mechanism ?   Customer value Name the feature of marketing referred to as a essence of marketing ?   Need and want ?   customer value ?   market offering ?   Exchange mechanism Identify the p...
Read more