Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement:

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
100%
Solutions to all questions
Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement:
31st March| 31st March
2015 (Rs)
Particulars
Note
No.
2014 (Rs)
|1. Equity and Liabilities
1. Shareholders' Funds
a) Share capital
b) Reserve and surplus (Balance in
Statement of Profit and Loss)
10,00,000
15,00,000
7,50,000
6,00,000
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
10,10,000
12,00,000
1,80,000
6,00,000
2,00,000
2. Current assets
a) Inventories
b) Trade Receivables
c) Cash and cash equivalents
Total
1,80,000
2,00,000
3,75,000
25,45,000|19,90,000
1,00,000
1,50,000
3,40,000
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
8,00,000
4,00,000
10,10,000|12,00,000
6,50,000
3,60,000
3. Cash and cash equivalents
i) Cash in hand
ii) Bank balance
70,000
3,05,000
3,75,000| 3,40,000
50,000
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%.
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) |1. Equity and Liabilities 1. Shareholders' Funds a) Share capital b) Reserve and surplus (Balance in Statement of Profit and Loss) 10,00,000 15,00,000 7,50,000 6,00,000 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 10,10,000 12,00,000 1,80,000 6,00,000 2,00,000 2. Current assets a) Inventories b) Trade Receivables c) Cash and cash equivalents Total 1,80,000 2,00,000 3,75,000 25,45,000|19,90,000 1,00,000 1,50,000 3,40,000 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 8,00,000 4,00,000 10,10,000|12,00,000 6,50,000 3,60,000 3. Cash and cash equivalents i) Cash in hand ii) Bank balance 70,000 3,05,000 3,75,000| 3,40,000 50,000 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%.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Efficiency
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