The Total solution for NCERT class 6-12
Particulars
Note No.
31st March 2017 (₹)
31st March 2016 (₹)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Share capital
1
4,40,000
2,80,000
b) Reserve and surplus-Surplus
2
40,000
28,000
2. Current Liabilities
a) Trade payables
1,56,000
56,000
c) Short-term provisions
12,000
4,000
(Provision for taxation)
Total
6,48,000
3,68,000
II) Assets
1. Non-current assets
a) Fixed assets
i) Tangible
3,64,000
2,00,000
2. Current assets
a) Inventories
1,60,000
60,000
b) Trade receivables
80,000
20,000
c) Cash and cash equivalents
d) Other current assets
16,000
8,000
Notes to Accounts
1. Share capital
a) Equity share capital
3,00,000
b) Preference share capital
1,40,000
2. Reserve and surplus
Surplus in statement of profit and loss at the beginning of the year
Add: Profit of the year
Less: Dividend
Profit at the end of the year
Cash Flow Statement (Indirect Method)
Amount
₹
A.
Cash Flow from Operating Activities
Profit as per Balance Sheet (40,000 – 28,000)
Proposed Dividend
Provision for Taxation
Net Profit before Taxation and Extraordinary items
Items to be added:
Interest paid on Debentures
600
Depreciation
32,000
32,600
Operating Profit before Working Capital changes
60,600
Add: Increase in Current liabilities
Trade Payables
1,00,000
Less: Increase in Current Assets
Other Current Assets
(8,000)
Inventories
(1,00,000)
Trade Receivables
(60,000)
(68,000)
Cash generated from Operating Activities
(7,400)
Less: Income Tax paid
(4,000)
Net Cash used in Operating Activities
(11,400)
B.
Cash Flow from Investing Activities
Purchase of Fixed Assets
(1,96,000)
Net Cash used in Investing Activities
C.
Issue of Equity Shares
Issue of Preference Shares
Less: Interest Paid on Debentures
(600)
Less: Dividend Paid
Net Cash from Financing Activities
1,55,400
D.
Net decrease in cash and cash equivalent (A+B+C)
(52,000)
Add: Cash and Cash Equivalents in the beginning
E.
Cash and Cash Equivalents at the end
Working Notes:
Plant and Machinery Account
Dr.
Cr.
Date
J.F.
Balance b/d
Bank (Purchases- Balancing fig.)
1,96,000
Balance c/d
3,96,000