Please solve this question

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please solve this question

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.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Pension Funds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education