Question 42 Chapter 5 of +2-B
Table of Contents
42. Prepare a Cash Flow Statement on the basis of the information given in the Balance Sheet of Libra Ltd.as at 31st March, 2013 and 31st March 2012:
| Particulars | Note No. | 31st March 2013 Rs | 31st March 2012 Rs |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 8,00,000 | 6,00,000 | |
| (b) Reserves and Surplus | 1 | 4,00,000 | 3,00,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 1,00,000 | 1,50,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables | 40,000 | 48,000 | |
| Total | 13,40,000 | 10,98,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets : | 8,50,000 | 5,60,000 | |
| Tangible Assets | 2,32,000 | 1,60,000 | |
| (b) Non-Current Investments | |||
| 2. Current Assets | |||
| (a) Current Investments | 50,000 | 1,34,000 | |
| (b) Inventories | 76,000 | 82,000 | |
| (c) Trade Receivables | 38,000 | 92,000 | |
| (d) Cash and Cash Equivalents | 94,000 | 70,000 | |
| Total | 13,40,000 | 10,98,000 |
Notes to Accounts
| Particulars | 31st March, | 31st March, 2012 (Rs) |
| 2013 (Rs) | ||
| 1. Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 4,00,000 | 3,00,000 |
| 4,00,000 | 3,00,000 |
The solution of Question 42 Chapter 4 of +2-B: –
Cash Flow Statement for the year ended 31st March,2013 |
||
| Particulars |
Rs |
|
| I. Cash Flow from Financing Activities | ||
| Profit as per Statement of Profit and Loss : | ||
| Closing Balance of Profit & Loss | 4,00,000 | |
| Less: Opening Balance of Profit & Loss | 3,00,000 | 1,00,000 |
| Profit Before Tax and extraordinary Items | 1,00,000 | |
| Operating Profit before Working Capital Adjustments | 1,00,000 | |
| Add: Decrease in Current Assets | ||
| Inventories | 6,000 | |
| Trade Receivables | 54,000 | |
| Less: Decrease in Current Liabilities | ||
| Trade Payables | 8,000 | 52,000 |
| Cash Generated from Operations | 1,52,000 | |
| Less: Taxes Paid | … | |
| Cash Flow from Operating Activities | 1,52,000 | |
| II. Cash Flow from Financing Activities | ||
| Purchase of Tangible Assets | 2,90,000 | |
| Purchase on Non Current Investment | 72,000 | 3,62,000 |
| Net Cash Used in Investing Activities | 3,62,000 | |
| III: Cash Flow from Financing Activities | ||
| Issue of Share Capital | 2,00,000 | |
| Less : Long Term Borrowings | 50,000 | 1,50,000 |
| Net Cash Flow from Financing Activities | 1,50,000 | |
| IV. Net Decrease in Cash and Cash Equivalents |
(60,000) | |
| Add: Cash and Cash Equivalents in the beginning of the period |
2,04,000 |
|
| Cash and Cash Equivalents at the end of the period |
1,44,000 | |
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Also, Check out the solved question of previous Chapters: –
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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