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, 2011 () 31st March, 2012 () Note Particulars No. L EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Liabilities Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 2,50,000 40,000 3,50,000 5,000 1 60,000 1, 00,000 1,50,000 1,25,000 5,80,000 Total 5,00,000 IL ASSETS 1. Non-current Assets 2,00,000 2,80,000 1,00.000 (a) Fixed Assets (b) Non-current Investments 2. Current Assets la) Trade Receivables 1,00,000 1,50,000 30,000 1,60.000 40.000 (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) 20,000 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 5,000 40,000 Additional Information (1)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]
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, 2011 () 31st March, 2012 () Note Particulars No. L EQUITY AND LIABILITIES 1. Shareholders' Funds (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Liabilities Long-term Borrowings (12% debentures) 3. Current Liabilities Trade Payables 2,50,000 40,000 3,50,000 5,000 1 60,000 1, 00,000 1,50,000 1,25,000 5,80,000 Total 5,00,000 IL ASSETS 1. Non-current Assets 2,00,000 2,80,000 1,00.000 (a) Fixed Assets (b) Non-current Investments 2. Current Assets la) Trade Receivables 1,00,000 1,50,000 30,000 1,60.000 40.000 (b) Cash and Cash Equivalents (c) Other Current Assets (Prepaid expenses) 20,000 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 5,000 40,000 Additional Information (1)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]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
(a) Equity Share Capital
(b) Reserves and Surplus
2,50,000
3,50,000
40,000
5,000
2. Non-current Liabilities
Long-term Borrowings (12% debentures)
3. Current Liabilities
Trade Payables
60,000
1, 00,000
1,25,000
5,80,000
1,50,000
Total
5,00,000
II. ASSETS
1. Non-current Assets
(a) Fixed Assets
(b) Non-current Investments
2. Current Assets
2,80,000
1,00.000
2,00,000
1,00.000
1,60,000
40,000
1,50,000
la) Trade Receivables
(b) Cash and Cash Equivalents
(c) Other Current Assets (Prepaid expenses)
30,000
20,000
5,00,000
Total
5,80,000
Notes to Accounts
31st March, 31st March,
2011 ()
Particulars
2012 (?)
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]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31e1fd97-2749-4f8d-b31b-4f8ee854f46f%2F5376f000-d832-4cc0-812f-4ad7551621d0%2Fh5okkqg_processed.jpeg&w=3840&q=75)
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.
Note
No.
31st March, 31st March,
2011 (?)
Particulars
2012 (?)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Equity Share Capital
(b) Reserves and Surplus
2,50,000
3,50,000
40,000
5,000
2. Non-current Liabilities
Long-term Borrowings (12% debentures)
3. Current Liabilities
Trade Payables
60,000
1, 00,000
1,25,000
5,80,000
1,50,000
Total
5,00,000
II. ASSETS
1. Non-current Assets
(a) Fixed Assets
(b) Non-current Investments
2. Current Assets
2,80,000
1,00.000
2,00,000
1,00.000
1,60,000
40,000
1,50,000
la) Trade Receivables
(b) Cash and Cash Equivalents
(c) Other Current Assets (Prepaid expenses)
30,000
20,000
5,00,000
Total
5,80,000
Notes to Accounts
31st March, 31st March,
2011 ()
Particulars
2012 (?)
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:Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement:
31st March| 31st March
2015 (Rs)
Particulars
Note
No.
2014 (Rs)
T. Equity and Liabilities
1. Shareholders' Funds
a) Share capital
b) Reserve and surplus (Balance in
Statement of Profit and Loss)
10,00,000
6,00,000
15,00,000
7,50,000
2. Non-current Liabilities
Long-term borrowings
1
1,00,000
2,00,000
3. Current Liabilities
a) Trade payables
b) Short-term provisions
(Provision for taxation)
1,00,000
95,000
1,10,000
80,000
Total
25,45,000 |19,90,000
II. Assets
1. Non-current assets
a) Fixed assets
(1) Tangible assets
(ii) Intangible assets (Goodwill)
b) Non-current investment
2. Current assets
10,10,000
1,80,000
6,00,000
12,00,000
2,00,000
a) Inventories
b) Trade Receivables
c) Cash and cash equivalents
1,80,000
2,00,000
3,75,000
25,45,000|19,90,000
1,00,000
1,50,000
3,40,000
Total
Notes to Accounts:
31st March 31st March
2015 (Rs)
Particulars
2014 (Rs)
1. Long-term borrowings:
i) Debentures
ii) Bank loan
2,00,000
1,00,000
1,00,000| 2,00,000
2. Tangible Assets
i) Land and building
ii) Plant and machinery
6,50,000
3,60,000
10,10,000|12,00,000
8,00,000
4,00,000
3. Cash and cash equivalents
i) Cash in hand
ii) Bank balance
70,000
50,000
3,05,000
3,75,000| 3,40,000
2,90,000
Additional information:
1. Dividend proposed and paid during the year Rs 1,50,000.
2. Income tax paid during the year includes Rs 15,000 on account of dividend tax.
3. Land and building book value Rs 1,50,000 was sold at a profit of 10%.
4. The rate of depreciation on plant and machinery is 10%.
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