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Statement of Profit and Loss and Balance Sheet in the Prescribed Form with Major Headings and Sub Headings

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From the following Balance Sheet as SRS Ltd and the additional information as in 31.3.2016, prepare a Cash Flow Statements :

Balance Sheet of SRS Ltd as at 31-3-2016
Particulars Note
No.

31-03-2016

Rs

31-03-2015

Rs

I. Equity and Liabilities

   1. Shareholder’s Funds

       (a) Share Capital

       (b) Reserve and Surplus

   2. Non - Current Liabilities

      (a) Long-term borrowings

   3. Current Liabilities

      (a) Short-term borrowings

      (b) Short-term provisions

 

 

 

1

 

2

 

3

4

 

 

4,50,000

1,25,000

 

2,25,000

 

75,000

1,00,000

 

 

3,50,000

50,000

 

1,75,000

 

37,500

62,500

Total   9,75,000 6,75,000

II. Assets

    1. Non – Current Assets

       (a) Fixed Assets

           Tangible assets

           Intangible

       (b) Non – Current Investments

    2. Current Assets

     (a) Current Investments

     (b) Inventories

     (c) Cash and Cash

 

 

 

5

6

 

 

 

7

 

 

7,32,500

50,000

75,000

 

20,000

61,000

36,500

 

4,52,500

75,000

50,000

 

35,000

36,000

26,500

Total   9,75,000 6,75,000

 

Note No Particulars

31-3-2016

Rs

31-3-2015

Rs

1

 

Reserve and Surplus

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

1,25,000

 

50,000

 

    1,25,000 50,000

2

 

Long term borrowings :

12 % Debentures

 

2,25,000

 

1,75,000

    2,25,000 1,75,000

3

 

Short-term borrowings :

Bank Overdraft

 

75,000

 

37,500

    75,000 37,500

4

 

Short-term provisions

Provisions for tax

 

1,00,000

 

62,500

    1,00,000 62,500

5

 

 

Tangible Assets

Machinery

Accumulated Depreciation

 

8,37,500

(1,05,000)

 

5,22,500

(70,000)

    7,32,500 4,52,500

6

 

Intangible Assets

Goodwill

 

50,000

 

75,000

    50,000 75,000

7

 

Inventories

Stock in trade

 

61,000

 

36,000

    61,000 36,000

Additional Information:

1) Rs 50,000, 12% debentures were issued on 31.3.2016

2) During the year a piece of machinery costing Rs40,000 on which accumulated depreciation was Rs 20,000 was sold at a loss of Rs 5,000.

S
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