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Q1.From the following information prepare a 'cash flow statement' for Ronak Ltd. Balance sheet of Ronak Ltd as at 31st March, 2011 and 2012. Note No. 31st March, 31st March, 2011 (?) Particulars 2012 (?) I. EQUITY AND LIABILITIES 1. Shareholders' Funds la) Equity Share Capital (b) Reserves and Surplus 2,50,000 3,50,000 1 40,000 5,000 2. Non-current Liabilities Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 60,000 1, 00,000 1,50,000 1,25,000 Total 5,00,000 5,80,000 II. ASSETS 1. Non-current Assets (a) Fixed Assets (b) Non-current Investments 2,00,000 2,80,000 1,00,000 1,00.000 2. Current Assets 1,60,000 40,000 1,50,000 30,000 20,000 5,00,000 (a) Trade Receivables (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) Total 5,80,000 Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 (7) 1. Reserves and Surplus Surplus, i.e. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5,000 Additional Information (i)Debentures were issued on 1st April, 2011. (ii)During the year a machine included in fixed assets costing Rs 1,20,000 was purchased and another machine of the book value of Rs 30,000 was sold at a loss of Rs 2,000 Hint: Interest calculations: 1. Interest on debentures shall be calculated on opening balance if there is no redemption or issue. 2. If there is an issue of debentures during the year and the date is specified, the interest is the sum of interest on opening balance and the interest on the additional issue from the date of issue.

Q1.From the following information prepare a 'cash flow statement' for Ronak Ltd. Balance sheet of Ronak Ltd as at 31st March, 2011 and 2012. Note No. 31st March, 31st March, 2011 (?) Particulars 2012 (?) I. EQUITY AND LIABILITIES 1. Shareholders' Funds la) Equity Share Capital (b) Reserves and Surplus 2,50,000 3,50,000 1 40,000 5,000 2. Non-current Liabilities Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 60,000 1, 00,000 1,50,000 1,25,000 Total 5,00,000 5,80,000 II. ASSETS 1. Non-current Assets (a) Fixed Assets (b) Non-current Investments 2,00,000 2,80,000 1,00,000 1,00.000 2. Current Assets 1,60,000 40,000 1,50,000 30,000 20,000 5,00,000 (a) Trade Receivables (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) Total 5,80,000 Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 (7) 1. Reserves and Surplus Surplus, i.e. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5,000 Additional Information (i)Debentures were issued on 1st April, 2011. (ii)During the year a machine included in fixed assets costing Rs 1,20,000 was purchased and another machine of the book value of Rs 30,000 was sold at a loss of Rs 2,000 Hint: Interest calculations: 1. Interest on debentures shall be calculated on opening balance if there is no redemption or issue. 2. If there is an issue of debentures during the year and the date is specified, the interest is the sum of interest on opening balance and the interest on the additional issue from the date of issue.

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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Q1.From the following information prepare a 'cash flow statement' for Ronak Ltd. Balance sheet of Ronak Ltd as at 31st March, 2011 and 2012. 31st March, 31st March, 2011 () Note Particulars No. 2012 (?) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Liabilities 2,50,000 3,50,000 1 40,000 5,000 Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 60,000 1,00,000 1,50,000 5,00,000 1,25,000 5,80,000 Total II. ASSETS 1. Non-current Assets (a) Fixed Assets (b) Non-current Investments 2. Current Assets la) Trade Receivables (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) 2,00,000 2,80,000 1,00,000 1,00.000 1,50,000 30,000 20,000 1,60,000 40,000 Total 5,00,000 5,80,000 Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 (7) 1. Reserves and Surplus Surplus, i.e. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5,000 Additional Information (i)Debentures were issued on 1st April, 2011. (ii)During the year a machine included in fixed assets costing Rs 1,20,000 was purchased and another machine of the book value of Rs 30,000 was sold at a loss of Rs 2,000 [Hint: Interest calculations: 1. Interest on debentures shall be calculated on opening balance if there is no redemption or issue. 2. If there is an issue of debentures during the year and the date is specified, the interest is the sum of interest on opening balance and the interest on the additional issue from the date of issue. 3. If the date of issue is not given, you can assume that the issue had taken place in the end of the year and calculate on opening balance. 4. It is calculated in similar way for redemption]
Transcribed Image Text:Q1.From the following information prepare a 'cash flow statement' for Ronak Ltd. Balance sheet of Ronak Ltd as at 31st March, 2011 and 2012. 31st March, 31st March, 2011 () Note Particulars No. 2012 (?) I. EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Liabilities 2,50,000 3,50,000 1 40,000 5,000 Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 60,000 1,00,000 1,50,000 5,00,000 1,25,000 5,80,000 Total II. ASSETS 1. Non-current Assets (a) Fixed Assets (b) Non-current Investments 2. Current Assets la) Trade Receivables (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) 2,00,000 2,80,000 1,00,000 1,00.000 1,50,000 30,000 20,000 1,60,000 40,000 Total 5,00,000 5,80,000 Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 (7) 1. Reserves and Surplus Surplus, i.e. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5,000 Additional Information (i)Debentures were issued on 1st April, 2011. (ii)During the year a machine included in fixed assets costing Rs 1,20,000 was purchased and another machine of the book value of Rs 30,000 was sold at a loss of Rs 2,000 [Hint: Interest calculations: 1. Interest on debentures shall be calculated on opening balance if there is no redemption or issue. 2. If there is an issue of debentures during the year and the date is specified, the interest is the sum of interest on opening balance and the interest on the additional issue from the date of issue. 3. If the date of issue is not given, you can assume that the issue had taken place in the end of the year and calculate on opening balance. 4. It is calculated in similar way for redemption]
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