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Preparation of Cash Flow Statement

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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.

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.

From the following Balance Sheet and information of Sun 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 7,00,000 6,00,000

(b) Reserves and Surplus

2 4,10,000 2,00,000

2. Non-Current Liabilities

     

Long-term Borrowings: 
10% Debentures

  3,00,000 2,00,000

3. Current Liabilities

     

(a) Trade Payables

  1,40,000 60,000

Total

  15,50,000 10,60,000
II. ASSETS      

1. Non-Current Assets

     

(a) Fixed Assets−Tangible

  7,00,000 6,00,000

(b) 10% Investments

  2,00,000 1,00,000

2. Current Assets

     

(a) Current Investments

  90,000 50,000

(b) Inventories

  2,00,000 1,00,000

(c) Trade Receivables

3 2,80,000 1,90,000

(d) Cash and Cash Equivalents

  80,000 20,000

Total

  15,50,000 10,60,000

 

Notes to Accounts :

Particulars

31st March,

2019

(₹)

31st March,

2018

(₹)

1. Share Capital

   

Equity Share Capital

5,00,000

3,00,000

10% Preference Share Capital

2,00,000

3,00,000

 

7,00,000

6,00,000

2. Reserves and Surplus

   

Securities Premium Reserve

10,000

...

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

4,00,000

2,00,000

 

4,10,000

2,00,000

3. Trade Receivables

   

Sundry Debtors

3,00,000

2,00,000

Less: Provision for Doubtful Debts

20,000

10,000

 

2,80,000

1,90,000

You are informed that during the year:

(i) Proposed Dividend: 31st March, 2019 31st March, 2018
  Equity Share Capital Nil Nil
  Preference Share Capital 10% 10%

(ii) A machine with a book value of ₹ 90,000 was sold for ₹ 50,000;
(iii) Depreciation charged during the year ₹ 60,000;
(iv) Debentures were issued on 1st April 2018;
(v) Investments were purchased on 31st March 2019;
(vi) Preference shares were redeemed on 31st December 2018;
(vii) An interim dividend @ 15% was paid on equity shares on 31st December 2018;
(viii) Fresh equity shares were issued at a premium of 5% on 31st March 2019.

From the following Balance Sheet of Computer India Ltd., prepare cash flow statement.

                                                                          (Rs in '000)
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
March

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

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