The Total solution for NCERT class 6-12
Balance Sheet of Mohan Ltd., as at 31st March 2016 and 31 March 2017
Particulars
Note No.
March 31, 2017 (₹)
March 31, 2016 (₹)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Equity share capital
3,00,000
2,00,000
b) Reserves and surplus
1,60,000
2. Non-current liabilities
a) Long-term borrowings
1
80,000
1,00,000
3. Current liabilities
Trade payables
1,20,000
1,40,000
Short-term provisions
2
70,000
60,000
Total
7,70,000
6,60,000
II) Assets
1. Non-current assets
Fixed assets
3
5,00,000
3,20,000
2. Current assets
a) Inventories
1,50,000
1,30,000
b) Trade receivables
4
90,000
c) Cash and cash equivalents
5
30,000
Notes to accounts:
2017
2016
1. Long-term borrowings
Bank Loan
2. Short-term provision
Proposed dividend
3. Fixed assets
6,00,000
4,00,000
Less: Accumulated Depreciation
(Net) Fixed Assets
4. Trade receivables
Debtors
Bills receivables
20,000
5. Cash and cash equivalents
Bank
Cash Flow Statement of Mohan Ltd.
Amount
₹
A.
Cash Flow from Operating Activities
Profit as per the Balance Sheet (2,00,000 – 1,60,000)
40,000
Proposed Dividend
Net Profit before Taxation and Extraordinary items
1,10,000
Adjustments:
Depreciation
Loss on Sale of Machine
10,000
Operating Profit before Working Capital changes
1,90,000
Add:
Decrease in Current Assets
2,30,000
Less:
Increase in Current Assets
Inventories
(20,000)
Bills Receivable
(10,000)
Decrease in Current Liabilities
Trade Payables
(50,000)
Net Cash from Operations
1,80,000
B.
Cash Flow from Investing Activities
Proceeds from Sale of Fixed Assets
Purchases of Fixed Assets
(2,80,000)
Net Cash outflow from Investing activity
(2,60,000)
C.
Cash Flow from Financing Activities
Issue of Shares
Bank Loan Paid
Dividend Paid
(60,000)
Net Cash from Financing Activities
D.
Net Decrease in Cash and Cash Equivalents (A+B+C)
Cash and Cash Equivalents in the beginning
E.
Cash and Cash equivalents at the end
Fixed Assets Account
Dr.
Cr.
Date
J.F.
Balance b/d
Bank (Purchases- Balancing fig.)
2,80,000
Profit and Loss
Accumulated Depreciation
50,000
Balance c/d
6,80,000
Accumulated Depreciation Account
Fixed Assets
Profit and Loss (Balance fig.)