Following is the Balance Sheet of Raj Oil Mills Limited as at March 31, 2017. Calculate Current Ratio.

Particulars (Rs)

I. Equity and Liabilities:

1. Shareholders’ funds

a) Share capital
7,90,000

b) Reserves and surplus
35,000

2. Current Liabilities

a) Trade Payables
72,000

Total 8,97,000

II. Assets

1. Non-current Assets

a) Fixed assets

Tangible assets
7,53,000

2. Current Assets

a) Inventories
55,800

b) Trade Receivables
28,800

c) Cash and cash equivalents
59,400

Total 8,97,000

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Solution

Current Assets = Inventories +Trade Receivables + Cash

= 55,800 + 28,800 + 59,400

= Rs 1,44,000

Current Liabilities = Trade Payables = Rs 72,000

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From the following Balance Sheets of X Ltd. as at 31st March, 2016 and 2015, prepare a common size Balance Sheet.
$\begin{matrix} Particulars & Note & Amount (Rs) & Amount (Rs) No. & 31 - 3 - 2016 & 31 - 3 - 2015 1. Equity and Liabilities (1) Shareholders' Funds (a) Share Capital & 80, 00, 000 & 60, 00, 000 (b) Reserves and Surplus & 12, 00, 000 & 8, 00, 000 (2) Non-current liabilities Long term borrowings & 24, 00, 000 & 20, 00, 000 (3) Current liability : Trade Payables & 4, 00, 000 & 12, 00, 000 Total & 1, 20, 00, 000 & 1, 00, 00, 000 II. Assets (1) Non-current Assets Fixed Assets (a) Tangible & 80, 00, 000 & 60, 00, 000 (b) Intangible & 4, 00, 000 & 12, 00, 000 (2) Current Assets (a) Inventories & 24, 00, 000 & 20, 00, 000 (b) Cash and cash equivalents & 12, 00, 000 & 8, 00, 000 Total & 1, 20, 00, 000 & 1, 00, 00, 000 \end{matrix}$

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$\begin{matrix} Particulars & Note & Amount (Rs) & Amount (Rs) No. & 2012 - 13 & 2011 - 12 1. Equity and Liabilities (1) Shareholders' Funds (a) Share Capital & 12, 00, 000 & 8, 00, 000 (b) Reserves and Surplus (Profit & Loss Balance) & 3, 50, 000 & 4, 00, 000 (2) Non-current liabilities Long term borrowings & 4, 40, 000 & 3, 50, 000 (3) Current liability : Trade Payables & 60, 000 & 50, 000 Total & 20, 50, 000 & 16, 00, 000 II. Assets (1) Non-current Assets (a) Fixed Assets (i) Tangible Assets & 12, 00, 000 & 9, 00, 000 (2) Current Assets (a) Inventories & 2, 00, 000 & 1, 00, 000 (b) Trade Receivables & 3, 10, 000 & 2, 30, 000 (c) Cash and cash equivalents & 3, 40, 000 & 3, 70, 000 Total & 20, 50, 000 & 16, 00, 000 \end{matrix}$

Prepare a Cash Flow Statement after taking into account the following adjustments.

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(b) Depreciation charged on tangible fixed assets was Rs 1,20,000.

Prepare a Cash Flow Statement from the following Balance Sheet (Revised) :

$\begin{matrix} Particulars & Note & 31 - 03 - 2013 & 31 - 03 - 2012 No. & Amount(Rs) & Amount(Rs) 1. Equity and Liabilities (1) Shareholder's Funds : (a) Share Capital & 6, 30, 000 & 5, 60, 000 (b) Reserves and Surplus & 1 & 3, 08, 000 & 1, 82, 000 (2) Current Liabilities Trade Payables & 2, 80, 000 & 1, 82, 000 Total & 12, 18, 000 & 9, 24, 000 II. Assets (1) Non-current Assets : (a) Fixed Assets : Tangible Assets - Plant & 3, 92, 000 & 2, 80, 000 (2) Current Assets : (a) Inventories & 98, 000 & 1, 40, 000 (b) Trade Receivables & 6, 30, 000 & 4, 20, 000 (c) Cash and Cash Equivalents & 98, 000 & 84, 000 Total & 12, 18, 000 & 9, 24, 000 \end{matrix}$

$\begin{matrix} Particulars & 31 - 03 - 2013 & 31 - 03 - 2012 Amount(Rs) & Amount(Rs) Reserves and Surplus Surplus (Balance in statement of P and L) & 3, 08, 000 & 1, 82, 000 \end{matrix}$

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Following is the Balance Sheet of Future Retail Mart and from the additional information as on 31-03-2017. Prepare Cash Flow Statement.

$\begin{matrix} Particulars & Note & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) I. EQUITY AND LIABILITIES (1) Shareholder's Funds: (a) Share Capital & 5, 50, 000 & 4, 75, 000 (b) Reserves and Surplus & 1 & 1, 75, 000 & 50, 000 (2) Non-current Liabilities: Long-term Borrowings & 2 & 2, 25, 000 & 50, 000 (3) Current Liabilities: (a) Short-term Borrowings & 3 & 75, 000 & 37, 500 (b) Short-term Provisions & 4 & 1, 00, 000 & 62, 500 Total & 11, 25, 000 & 6, 75, 000 II. ASSETS (1) Non-current Assets: (i) Fixed Assets (a) Tangible & 5 & 8, 07, 500 & 4, 52, 500 (b) Intangible & 6 & 50, 000 & 75, 000 (ii) Non-current Investment & 1, 50, 000 & 50, 000 (2) Current Assets: (a) Current Investments & 20, 000 & 35, 000 (b) Inventories & 7 & 61, 000 & 36, 000 (c) Cash and Cash Equivalents & 36, 500 & 26, 500 Total & 11, 25, 000 & 6, 75, 000 \end{matrix}$

Notes to Accounts :

$\begin{matrix} Note & Particulars & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) 1 & Reserves and Surplus: Balance in Profit and Loss & 1, 25, 000 & 50, 000 General Reserve & 50, 000 & - 2 & Long-term Borrowings : 10 % Debentures & 2, 25, 000 & 50, 000 3 & Short-term Borrowings : Bank Overdraft & 75, 000 & 37, 500 4 & Short-term Provisions : Proposed Dividend & 1, 00, 000 & 62, 500 5 & Tangible Assets: Machinery & 9, 12, 500 & 5, 22, 500 (-) Accumulated Depreciation & (1, 05, 000) & (70, 000) 8, 07, 500 & 4, 52, 500 6 & Intangible Assets: Goodwill & 50, 000 & 75, 000 7 & Inventories: Stock in Trade & 61, 000 & 36, 000 \end{matrix}$

Additional Information:

(i) During the year a piece of Machinery Costing Rs 80,000 on which accumulated depreciation was Rs 55,000 was sold for Rs 15,000.

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$\begin{matrix} Particulars & 31-03-2017 & 31-03-2018 (Rs) & (Rs) I . EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital & 9, 00, 000 & 12, 00, 000 (b) Reserve and Surplus & 4, 00, 000 & 3, 50, 000 (2) Current Liabilities : (a) Trade Payables & 2, 00, 000 & 2, 50, 000 Total & 15, 00, 000 & 18, 00, 000 I I . ASSETS (1) Non-current Assets : (a) Fixed Assets & 10, 00, 000 & 16, 00, 000 (2) Current Assets & 5, 00, 000 & 2, 00, 000 Total & 15, 00, 000 & 18, 00, 000 \end{matrix}$

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Particulars	(Rs)
I. Equity and Liabilities:
1. Shareholders’ funds
a) Share capital	7,90,000
b) Reserves and surplus	35,000
2. Current Liabilities
a) Trade Payables	72,000
Total	8,97,000
II. Assets
1. Non-current Assets
a) Fixed assets
Tangible assets	7,53,000
2. Current Assets
a) Inventories	55,800
b) Trade Receivables	28,800
c) Cash and cash equivalents	59,400
Total	8,97,000

Current Assets = Inventories +Trade Receivables + Cash = 55,800 + 28,800 + 59,400 = Rs 1,44,000 Current Liabilities = Trade Payables = Rs 72,000

Current Assets = Inventories +Trade Receivables + Cash

= 55,800 + 28,800 + 59,400

= Rs 1,44,000

Current Liabilities = Trade Payables = Rs 72,000