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.
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.
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.
Note
No.
31st March, 31st March,
2011 (?)
Particulars
2012 (?)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
3,50,000
(a) Equity Share Capital
(b) Reserves and Surplus
2. Non-current Liabilities
2,50,000
40,000
1
5,000
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. Current Assets
2,00,000
2,80,000
1,00,000
1,00.000
1,50,000
30,000
1,60,000
40,000
la) Trade Receivables
(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
40,000
(20,000)
Surplus, i.e. Balance in Statement of Profit and Loss
Securities Premium Reserve
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%2F611df1d7-534a-4d80-81f2-c14964b08b47%2F66103101-da0a-430c-8afe-5ac8d2d16296%2Fm5g7wnr_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
3,50,000
(a) Equity Share Capital
(b) Reserves and Surplus
2. Non-current Liabilities
2,50,000
40,000
1
5,000
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. Current Assets
2,00,000
2,80,000
1,00,000
1,00.000
1,50,000
30,000
1,60,000
40,000
la) Trade Receivables
(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
40,000
(20,000)
Surplus, i.e. Balance in Statement of Profit and Loss
Securities Premium Reserve
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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