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From the Following Balance Sheet of Yogeta Ltd., Prepare Cash Flow Statement: - Accountancy

Numerical

From the following Balance Sheet of Yogeta Ltd., prepare cash flow statement:

 

Particulars Note No. 31st March 2017
(Rs)
31st March 2016
(Rs)
I) Equity and Liabilities      

1. Shareholders’ Funds

     

a) Share capital

1 4,00,000 2,00,000

b) Reserves and surplus-Surplus

  2,00,000 1,00,000

2. Non-current Liabilities

     

a) Long-term borrowings

2 1,50,000 2,20,000

3. Current Liabilities

     

a) Short-term borrowings

  1,00,000 -

(Bank overdraft)

     

b) Trade payables

  70,000 50,000

c) Short-term provision

  50,000 30,000

(Provision for taxation)

     
Total   9,70,000 6,00,000
II) Assets      

1. Non-current assets

     

a) Fixed assets

     

i) Tangible

  7,00,000 4,00,000

2. Current assets

     

a) Inventories

  1,70,000 1,00,000

b) Trade Receivables

  1,00,000 50,000

c) Cash and cash equivalents

  - 50,000
Total    9,70,000 6,00,000

Notes to Accounts

Particulars 31st March
2017
(Rs)
31st March
2016
(Rs)
1. Share capital    

a) Equity share capital

3,00,000 2,00,000

b) Preference share capital

1,00,000 -
  4,00,000 2,00,000
2. Long term borrowings    

Long-term loan

- 2,00,000

Long-term Rahul

1,50,000 20,000
  1,50,000 2,20,000

Additional Information:
Net Profit for the year after charging Rs. 50,000 as Depreciation was Rs. 1,50,000. Dividend paid on Share was Rs. 50,000, Tax Provision created during the year amounted to Rs. 60,000.

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Solution

Cash Flow Statement of Yogeta Ltd.

 

Particulars

Amount

Rs

Amount

Rs

A.

Cash Flow from Operating Activities

 

 

 

Profit as per Balance Sheet (2,00,000 –1,00,000)

1,00,000

 

 

Proposed Dividend

50,000

 

 

Provision for Taxation

60,000

 

 

Net Profit before Taxation and Extraordinary items

 

2,10,000

 

Items to be added:

 

 

 

Depreciation

50,000

50,000

 

Operating Profit before Working Capital changes

 

2,60,000

 

Add: Increase in Current liabilities

 

 

 

Trade Payable

20,000

20,000

 

 

 

 

 

2,80,000

 

Less: Increase in Current Assets

 

 

 

Inventories

(70,000)

 

 

Trade Receivable

(50,000)

(1,20,000)

 

Cash Generated from Operating Activities

 

1,60,000

 

Less: Income Tax paid

 

(40,000)

 

Net Cash from Operations

 

1,20,000

B.

Cash Flow from Investing Activities

 

 

 

Purchases of Fixed Assets

 

(3,50,000)

 

Net Cash used in Investing Activities

 

(3,50,000)

C.

Cash Flow from Financing Activities

 

 

 

Issue of Equity Shares

 

1,00,000

 

Issue of Preference Shares

 

1,00,000

 

Loan from Rahul

 

1,30,000

 

Less: Repayment of Loan

 

(2,00,000)

 

Dividend Paid

 

(50,000)

 

Net Cash from Financing Activities

 

80,000

D.

Net decrease in Cash and Cash Equivalent (A+B+C)

 

(1,50,000)

 

Add: Cash and Cash Equivalents in the beginning

 

50,000

E.

Cash and Cash Equivalents at the end (Bank Overdraft)

 

(1,00,000)

Working Notes:

Provision for Taxation Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount

Rs

 

Bank (Balancing figure)

 

40,000

 

Balance b/d

 

30,000

 

Balance c/d

 

50,000

 

Profit and Loss

 

60,000

 

 

 

90,000

 

 

 

90,000

Fixed Assets Account

Dr.

 

 

 

 

 

 

Cr.

Date

Particulars

J.F.

Amount

Rs

Date

Particulars

J.F.

Amount

Rs

 

Balance b/d

 

4,00,000

 

Depreciation

 

50,000

 

Bank

 

3,50,000

 

Balance c/d

 

7,00,000

 

 

 

7,50,000

 

 

 

7,50,000

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APPEARS IN

NCERT Class 12 Accountancy - Company Accounts and Analysis of Financial Statements
Chapter 6 Cash Flow Statement
Numerical Questions | Q 10 | Page 278
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