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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 31st Marc. 2011 () A Man 2012 () Particularn No. L EQUITY AND LIABILITIES 1. Shareholders' Funda (a) Equity Share Capital b) Renerves and Surplus 2. Non-current Linbilites Long-term Borrowings (12% debentures) 3 Current Liabilities Trade Payables Total IL ASSETS 1. Non-current Assets ja) Fixed Assets (b) Nan-current investmenta 2. Currant Asseta la) Trade Receivables Ibi Cash and Cash Equivalents lei Other Current Assets Prepaid expenses) Total 3,50,000 5,000 2.50.000 40,000 60,000 1, 00,000 1,50.000 5,00.000 1,25,000 5,80.000 2,00,000 2.80,000 1,00,000 1,00.000 1,50,000 1,60,000 40.000 30,000 20.000 5,00,000 5,80.000 Notes to Accounts 31st March, 31st March, 2012 () Particulan 2011 () Reserves and Surplus Surplus, ie. Balance in Statement of Profit and Luss Securities Premium Reserve 40,000 (20,000) 25.000 40,000 5.000

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 31st Marc. 2011 () A Man 2012 () Particularn No. L EQUITY AND LIABILITIES 1. Shareholders' Funda (a) Equity Share Capital b) Renerves and Surplus 2. Non-current Linbilites Long-term Borrowings (12% debentures) 3 Current Liabilities Trade Payables Total IL ASSETS 1. Non-current Assets ja) Fixed Assets (b) Nan-current investmenta 2. Currant Asseta la) Trade Receivables Ibi Cash and Cash Equivalents lei Other Current Assets Prepaid expenses) Total 3,50,000 5,000 2.50.000 40,000 60,000 1, 00,000 1,50.000 5,00.000 1,25,000 5,80.000 2,00,000 2.80,000 1,00,000 1,00.000 1,50,000 1,60,000 40.000 30,000 20.000 5,00,000 5,80.000 Notes to Accounts 31st March, 31st March, 2012 () Particulan 2011 () Reserves and Surplus Surplus, ie. Balance in Statement of Profit and Luss Securities Premium Reserve 40,000 (20,000) 25.000 40,000 5.000

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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5,000 Additional Information ()Debentures were issued on 1st April, 2011. (i)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:5,000 Additional Information ()Debentures were issued on 1st April, 2011. (i)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. Note 31st March. No. A Man 2012 () Particulars 2011 () L EQUITY AND LIABILTIES 1. Shareholders' Funda (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Linbilities Long-term Borrowings (12% debentures) 3. Current Liabilition 2.50.000 3,50,000 40,000 5,000 60,000 1, 00,000 1,25.000 5,80,000 Trade Payables 1,50,000 Total 5,00,000 IL. ASSETS 1. Non-current Asseta ial Fixed Assets 2,00,000 2,80,000 (b) Nan-current Investments 1,00,000 1,00.000 2. Current Assets 1,60,000 40.000 1,50,000 la) Trade Receivables (bị Cash and Cash Equivalents lel Other Current Assets (Prepaid expenses) 30,000 20,000 5,00,000 5,80,000 Total Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 () 1. Reserves and Surplus Surplus, ie. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5.000
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 31st March. No. A Man 2012 () Particulars 2011 () L EQUITY AND LIABILTIES 1. Shareholders' Funda (a) Equity Share Capital (b) Reserves and Surplus 2. Non-current Linbilities Long-term Borrowings (12% debentures) 3. Current Liabilition 2.50.000 3,50,000 40,000 5,000 60,000 1, 00,000 1,25.000 5,80,000 Trade Payables 1,50,000 Total 5,00,000 IL. ASSETS 1. Non-current Asseta ial Fixed Assets 2,00,000 2,80,000 (b) Nan-current Investments 1,00,000 1,00.000 2. Current Assets 1,60,000 40.000 1,50,000 la) Trade Receivables (bị Cash and Cash Equivalents lel Other Current Assets (Prepaid expenses) 30,000 20,000 5,00,000 5,80,000 Total Notes to Accounts 31st March, 31st March, 2011 () Particulars 2012 () 1. Reserves and Surplus Surplus, ie. Balance in Statement of Profit and Loss Securities Premium Reserve 40,000 (20,000) 25,000 40,000 5.000
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