Question - 23

From the following Balance sheet of Dhruv industries Ltd. prepare cash flow statement :

31.03.2018

I. Equity and liabilites : 

1. Shareholder's funds 

  1. Share capital Rs. 4,00,000
  2. Reserve and surplus Rs. 1,68,000
2. Non -  Current Liabilities 
  • Long term borrowing 12% debentures Rs. 2,70,000
3. Current liabilities 
  • Trade payable Rs. 1,36,000
II. Assets :
1. Non - current Assets :
  • Fixed assets Rs. 2,40,000
2. Current Assets 
  1. Current investment Rs. 44,000
  2. Inventory Rs. 1,22,000
  3. Trade receivable Rs. 80,000
  4. Cash and cash equivalents Rs. 4,88,000

31.03.2017

I. Equity and liabilites : 

1. Shareholder's funds 

  1. Share capital Rs. 4,00,000
  2. Reserve and surplus Rs. (16,000)
2. Non - current liabilities :
  • Long term borrowings 12% debentures Rs. 200,000
3. Current liabilities 
  • Trade payable Rs. 1,24,000
II. Assets :
1. Non - current Assets :
  • Fixed assets Rs. 2,60,000
2. Current Assets 
  1. Current investment Rs. 30,000
  2. Inventory Rs. 1,60,000
  3. Trade receivable Rs. 58,000
  4. Cash and cash equivalents Rs. 2,00,000.
Notes to Accounts :
31.03.2018
(1) Reserve and surplus 
  • General reserve Rs. 48,000
Surplus i.e. Balance in statement of profit and loss Rs. 1,20,000

(2) Fixed Assets 
  • Plant & machinery Rs. 2,90,000
  • Less : Accumulated depreciation Rs. 50,000.
Additional informations :
  1. Interest paid on debentures amounted to Rs. 28,200
  2. A piece of machinery costing Rs. 80,000 (accumulated depreciation Rs. 36,000) was sold for Rs. 10,000.
  3. Dividebd paid during the year Rs. 40,000.
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