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Concept of Cash Flow Statement

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  • Meaning of Cash Flow Statement
  • Objectives of Cash Flow Statement
  • Preparation of Cash Flow Statement
  • (as per AS3 (Revised) (Indirect Method only)
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Shaalaa.com | Cash flow Statement PART 1

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Cash flow Statement PART 1 [00:16:49]
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                    You are required to prepare a Cash-Flow Statement (as per AS-3)
                          for the year 2016-17 from the following Balance Sheet.
                                    Balance Sheet of Honesty Ltd.
                          As at 31st March, 2016 and 31st March, 2017

  I     Particulars     Note No.          31.03.2017

31.03.2017

1.

EQUITY AND LIABILITIES
Shareholders Funds
(a) Share Capital (Equity Share Capital)
(b) Reserves and Surplus (Statement of P/L)

1.

           

                    14,00,000 

 5,00,000

 

 

 

 

 

10,00,000

4,00,000

 

 

 

2. Non-Current Liabilities
Long Term Borrowing (10% Debentures)
  5,00,000 1,40,000
3. Current Liabilities
(a) Short Term Borrowings (Bank Overdraft)  
(b) Trade Payables (Creditors)
(c) Short Term Provisions
 

20,000

1,00,000

60,000

30,000

60,000

30,000

  TOTAL   25,80,000 16,60,000
II 1.  ASSETS
Non-Current Assets
Fixed Assets 
(i) Tangible 
(ii) Intangible (Goodwill)
      2.

 

 

16,00,000

1,40,000

 

 

9,00,000

2,00,000

  2. Current Assets
(a) Inventories
(b) Trade Receivables 
(c) Cash and Bank Balances
(Cash at Bank)
 

2,50,000

5,00,000

90,000

2,00,000

3,00,000

60,000

  TOTAL   25,80,000 16,60,000

Notes to Accounts:

Particulars 31.03.2017 31.03.2016
1. Short term provisions
provision for taxation
60,000 30,000
2. Fixed Assets (Tangible)
Plant and Machinery 
Less Accumulated Depreciation

 

17,60,000

(1,60,000)

 

10,00,000

(1,00,000)

  16,00,000 9,00,000

During the year 2016-17:
(i) A part of the machine, costing Rs. 50,000, accumulated depreciation thereon being Rs. 20,000, was sold for
Rs.18,000.
(ii) Tax paid Rs. 20,000.
(iii) Interest of Rs. 50,000 paid on Debentures.

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