Question 49 Chapter 5 of +2-B – T.S. Grewal 12 Class

Question 49 Chapter 5 of +2-B

Question 49 Chapter 5 of +2-B

49. From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement:

JY Ltd. 
Balance Sheet as at 31st March, 2017
Particulars Note No.  31st March, 2017 Rs 31st March, 2016 Rs 
I. EQUITY AND LIABILITIES      
1. Shareholders’ Funds       
(a) Share Capital   5,00,000 5,00,000
(b) Reserves and Surplus 1 1,00,000 -25,000
2. Non-Current Liabilities      
Long-term Borrowings 2 2,50,000 1,50,000
3. Current Liabilities      
(a) Short-term Borrowings 3 1,50,000 1,00,000
 (b) Short-term Provisions 4 1,25,000 75,000
Total   11,25,000 8,00,000
II. ASSETS      
1. Non-Current Assets      
Fixed Assets-Tangible  5 6,00,000 4,50,000
2. Current Assets      
(a) Trade Receivables   2,75,000 2,25,000
(b) Cash and Cash Equivalents   50,000 25,000
(c) Short-term Loans and Advances   2,00,000 1,00,000
Total   11,25,000 8,00,000

Notes to Accounts

Particulars 31st March, 2017( Rs) 31st March,2016 ( Rs)
1. Reserves and Surplus    
Surplus, i.e., Balance in Statement of Profit and Loss 1,00,000 -25,000
  1,00,000 -25,000
2. Long-term Borrowings    
10% Debentures 2,50,000 1,50,000
  2,50,000 1,50,000
3. Short-term Borrowings    
Bank Overdraft 1,50,000 1,00,000
  1,50,000 1,00,000
4. Short-term Provisions    
Provision for Tax 1,25,000 75,000
  1,25,000 75,000
5. Tangible Assets    
Machinery 7,37,500 5,25,000
Accumulated Depreciation (1,37,500) -75,000
  6,00,000 4,50,000

Note: Proposed Dividend for the years ended 31st March, 2016 and 2017 are Rs 50,000 and Rs 75,000 respectively.
Additional Information: Rs 1,00,000, 10% Debentures were issued on 31st March, 2017

 

The solution of Question 49 Chapter 4 of +2-B: –


Cash Flow Statement for the year ended 31st March,2019
Particulars
Rs
I. Cash Flow from Financing Activities    
Profit as per Statement of Profit and Loss :    
Closing Balance of Profit & Loss 1,00,000  
Less: Opening Balance of Profit & Loss (25,000) 1,25,000
Profit Before Taxation 1,25,000  
Proposed Dividend 50,000 1,75,000
Net Profit before tax and extraordinary items   3,00,000
Items to be Added:    
Depreciation 62,500  
Interest paid on 10% debentures 15,000 77,500
Net Profit before Working Capital changes   3,77,500
Less: Increase in Current Assets    
Trade Receivables 50,000 50,000
Cash Generated from Operations   3,27,500
Less: Tax Paid   75,000
Net Cash Flow from Operating Activities   2,52,500
II. Cash Flow from Financing Activities    
Purchase of Machinery 2,12,500  
Short term loans and advances given 1,00,000 3,12,500
Net Cash Used in Investing Activities   3,12,500
III: Cash Flow from Financing Activities    
Proceeds from issue of 10% debentures 1,00,000  
Increase in the Bank Overdraft 50,000  
Interest paid on debentures 15,000  
Proposed Dividend paid 50,000 85,000
Net Cash Flow from Financing Activities   85,000
IV. Net Decrease in Cash and Cash Equivalents
  25,000
Add: Cash and Cash Equivalents in the beginning of the period
  25,000
Cash and Cash Equivalents at the end of the period
  50,000

 

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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)

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

2 Book 3 min 225x300 - Question 49 Chapter 5 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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