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FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following Balance Sheet and information prepare Cash Flow Statement : P.T.O. (407) АССТ602 4 Balance Sheet as on 31$st March 2017, and 2016 March 31 2017 March 31 2016 Particulars I Equity and Liabilities 1 Shareholder's Fund a. Share Capital b. Reserves & Surplus 8,00,000 3,50,000 5,00,000 2,00,000 2. Non-Current Liabilities Long term Liabilities - 3. Current Liabilities a. Bank Loan b. Creditors 1,00,000 1,00,000 50,000 55,000 20,000 65,000 14,40,000 50,000 50,000 50,000 c. Bills Payable - d. Provision for Tax - 9,50,000 Total II Assets 1. Fixed Assets a. Building b. Plant and Machinery c. Goodwill - 252h0 250,000 2,70,000 50,000 4,00,000 3,00,000 1,00,000 2. Current Asset a. Investment in securities b. Inventories c. Trade Receivables d. Cash and Bank 90,000 50,000 80,000 3,80,000 14,40,000 60,000 40,000 50,000 9,50,000 Total Additional Information : Rs. 50,000 as interim dividend was paid during the year. Building is sold at book value.
Transcribed Image Text:From the following Balance Sheet and information prepare Cash Flow Statement : P.T.O. (407) АССТ602 4 Balance Sheet as on 31$st March 2017, and 2016 March 31 2017 March 31 2016 Particulars I Equity and Liabilities 1 Shareholder's Fund a. Share Capital b. Reserves & Surplus 8,00,000 3,50,000 5,00,000 2,00,000 2. Non-Current Liabilities Long term Liabilities - 3. Current Liabilities a. Bank Loan b. Creditors 1,00,000 1,00,000 50,000 55,000 20,000 65,000 14,40,000 50,000 50,000 50,000 c. Bills Payable - d. Provision for Tax - 9,50,000 Total II Assets 1. Fixed Assets a. Building b. Plant and Machinery c. Goodwill - 252h0 250,000 2,70,000 50,000 4,00,000 3,00,000 1,00,000 2. Current Asset a. Investment in securities b. Inventories c. Trade Receivables d. Cash and Bank 90,000 50,000 80,000 3,80,000 14,40,000 60,000 40,000 50,000 9,50,000 Total Additional Information : Rs. 50,000 as interim dividend was paid during the year. Building is sold at book value.
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