From the following Balance Sheet of JY Ltd- as on 31-3-2017- prepare a Cash Flow Statement- BALANCE SHEET OF JY LTD-Notes to Account- Particulars 31st March- 2017 31st March- 2016 RsRs

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Standard XII

Accountancy

Common Size Profit and Loss

From the foll...

Question

From the following Balance Sheet of JY Ltd. as on 31-3-2017, prepare a Cash Flow Statement.

BALANCE SHEET OF JY LTD.
as on 31-03-2017
$\begin{matrix} Particulars & Note & 31 - 03 - 2017 & 31 - 03 - 2016 N o . & (R s) & (R s) I . Equity and Liabilities (1) Shareholders' Funds (a) Share Capital & 5, 00, 000 & 5, 00, 000 (b) Reerve and Surplus & 1 & 1, 00, 000 & (25, 000) (2) Non-current Liabilities Long-term Borrowings & 2 & 2, 50, 000 & 1, 50, 000 (3) Current Liabilities (a) Short-term Borrowings & 3 & 1, 50, 000 & 1, 00, 000 (b) Short-term Provisions & 4 & 2, 00, 000 & 1, 25, 000 Total & 12, 00, 000 & 8, 50, 000 I I . Assets (1) Non-current Assets (a) Fixed Assets (b)Tangible Assets & 5 & 6, 00, 000 & 4, 50, 000 (2) Current Assets (a) Trade Receivables & 2, 75, 000 & 2, 25, 000 (b) Cash amd Cash Equivalents & 1, 25, 000 & 75, 000 (c) Short term Loans and Advances & 2, 00, 000 & 1, 00, 000 Total & 12, 00, 000 & 8, 50, 000 \end{matrix}$

Notes to Account:
$\begin{matrix} Particulars & 31st March, 2017 & 31st March, 2016 (R s) & (R s) 1. & Reserve and Surplus (Profit and Loss Balance) & 1, 00, 000 & (25, 000) 2. & 10 % Debentures & 2, 50, 000 & 1, 50, 000 3. & Bank Overdraft & 1, 50, 000 & 1, 00, 000 4. & Provisions for Tax & 1, 25, 000 & 75, 000 Dividend Declared & 75, 000 & 50, 000 5. & Machinery & 7, 37, 500 & 5, 25, 000 (-) Accumulated Depreciation & (1, 37, 500) & (75, 000) \end{matrix}$

Additional Information: Rs 1,00,000,10% debentures were issued on 31-03-2017.

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Solution

CASH FLOW STATEMENT

for the year ending 31st March, 2017

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

BALANCE SHEET
as at 31st March, 2017
Particular	Note No.	31st March, 2017 (₹)	31st March, 2016 (₹)
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	1,10,000
(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

Particular		31^st March, 2017 (₹)	31^st March, 2016 (₹)
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 ₹ 50,000 and ₹ 75,000 respectively.
Additional Information: ₹ 1,00,000, 10% Debentures were issued on 31st March, 2017.

Q. From the following Balance Sheet of SRS Ltd. and the additional information as on 31st March, 2016, prepare a Cash Flow Statement:

SRS Ltd.

BALANCE SHEET as on 31st March, 2016

Particulars ulars	Note No.	31st March, 2016 (₹)	31st March, 2015 (₹)
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
(a) Share Capital		4,50,000	3,50,000
(b) Reserves and Surplus	1	1,25,000	50,000
2. Non-Current Liabilities
Long-term Borrowings	2	2,25,000	1,75,000
3. Current Liabilities
(a) Short-term Borrowingst	3	75,000	37,500
(b) Shrot-term Provisions	4	1,00,000	62,500
Total Total Expenses		9,75,000	6,75,000
II. ASSETS
1, Non-Current Assets
(a) Fixed Assets:
(i) Tangible	5	7,32,500	4,52,500
(ii) Intangible	6	50,000	75,000
(b) Non-current Investments		75,000	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		9,75,000	6,75,000

Notes to Accounts

Particular		31^st March 2016 (₹)	31^st March 2015 (₹)
1.	Reserves and Surplus
	Surplus, i.e., Balance in Statement of Profit and Loss	1,25,000	50,000
2.	Long-term Borrowings
	12% Debentures	2,25,000	1,75,000
3.	Short-term Borrowings
	Bank Overdraft	75,000	37,500
4.	Short-term Provisions
	Provision for Tax	1,00,000	62,500
5.	Tangible Assets
	Machinery	8,37,500	5,22,500
	Accumulated Depreciation	(1,05,000)	(70,000)
		7,32,500	4,52,500
6.	Intangible Assets
	Goodwill	50,000	75,000
7.	Inventories
	Stock-in-Trade	61,000	36,000

Additional Information:
(i) ₹50,000, 12% Debentures were issued on 31st March, 2016.
(ii) During the year, a piece of machinery costing ₹40,000, on which accumulated depreciation was ₹20,000, was sold at a loss of ₹5,000.

Q. From the following Balance Sheet of Mohan Ltd., prepare cash flow Statement:

Balance Sheet of Mohan Ltd.,
as at 31st March 2016 and 31 March 2017
Particulars	Note No.	March 31, 2017 (Rs)	March 31, 2016 (Rs)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Equity share capital		3,00,000	2,00,000
b) Reserves and surplus		2,00,000	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	1,20,000
c) Cash and cash equivalents	5	30,000	90,000
Total		7,70,000	6,60,000

Notes to accounts:

	2017	2016
1. Long-term borrowings
Bank Loan	80,000	1,00,000
2. Short-term provision
Proposed dividend	70,000	60,000
3. Fixed assets	6,00,000	4,00,000
Less: Accumulated Depreciation	1,00,000	80,000
(Net) Fixed Assets	5,00,000	3,20,000
4. Trade receivables
Debtors	60,000	1,00,000
Bills receivables	30,000	20,000
	90,000	1,20,000
5. Cash and cash equivalents
Bank	30,000	90,000

Additional Information:

Machine Costing Rs. 80,000 on which accumulated depreciation was Rs. 50,000 was sold for Rs. 20,000.

From the following Balance Sheets of Zee Entertainment Ltd., prepare a Cash Flow Statement for the year ended 31st March, 2017.

BALANCE SHEET OF ZEE ENTERTAINMENT LTD.

as at 31st March, 2016 and 31st March, 2017

$\begin{matrix} Particulars & Note & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) I. EQUITY AND LIABILITIES (1) Shareholders Funds: (a) Share Capital (Equity) & 2, 00, 000 & 2, 00, 000 (b) Reserve and Surplus & 1 & 90, 000 & 50, 000 (2) Non-current Liabilities: Long-term Borrowings (Bank Loan) & - & 10, 000 (3) Current Liabilities: (a) Trade Payables (Creditors) & 20, 000 & 15, 000 (b) Other Current Liabilities & 2 & 5, 000 & 5, 000 (c) Short-term Provisions & 3 & 25, 000 & 20, 000 Total & 3, 40, 000 & 3, 00, 000 II. ASSETS (1) Non-current Assets: (a) Fixed Assets & 2, 75, 00 & 2, 35, 000 (2) Current Assets : (a) Inventories & 15, 000 & 25, 000 (b) Trade Receivables (Debtors) & 20, 000 & 10, 000 (c) Cash and Cash Equivalents & 4 & 30, 000 & 30, 000 Total & 3, 40, 000 & 3, 00, 000 \end{matrix}$

Notes to Accounts :

$\begin{matrix} Note & Particulars & 31 - 03 - 2017 & 31 - 03 - 2016 No. & (Rs) & (Rs) 1 & Reserves and Surplus: Statements of Profit and Loss: & 90, 000 & 50, 000 2 & Other Current Liabilities: Outstanding Expenses & 1, 000 & 5, 000 Unaccrued Income & 4, 000 & - ¯ ¯¯¯¯¯¯¯¯¯¯¯ ¯ 5, 000 - ---- - & ¯ ¯¯¯¯¯¯¯¯¯¯¯ ¯ 5, 000 - ---- - 3 & Short-term Provisions: Provision for Tax & 25, 000 & 20, 000 4 & Cash and Cash Equivalents: Cash & 10, 000 & 8, 000 Bank & 20, 000 & 22, 000 ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 30, 000 - ------ - & ¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯ 30, 000 - ------ - \end{matrix}$

Note : During the year the company declared equity dividend @ 10 $%$ and paid Rs 15,000 as income tax.

Depreciation charged during the year Rs 20,000.

From the following Balance Sheets of Tiger Super Steel Ltd., prepare Cash Flow Statement:

Balance Sheet of Tiger Super Steel Ltd.
as at 31st March 2014 and 31st March 2017
Particulars	Note No.	March 31, 2017 (Rs)	March 31, 2016 (Rs)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Share capital	1	1,40,000	1,20,000
b) Reserves and surplus	2	22,800	15,200
2. Current Liabilities
a) Trade payables	3	21,200	14,000
b) Other current liabilities	4	2,400	3,200
c) Short-term provisions	5	28,400	22,400
Total		2,14,800	1,74,800
II) Assets
1. Non-Current Assets
a) Fixed assets
i) Tangible assets	6	96,400	76,000
ii) Intangible assets		18,800	24,000
b) Non-current investments		14,000	4,000
2. Current Assets
a) Inventories		31,200	34,000
b) Trade receivables		43,200	30,000
c) Cash and Cash Equivalents		11,200	6,800
Total		2,14,800	1,74,800

Notes to accounts:

	2017	2016
1. Share Capital
Equity share capital	1,20,000	80,000
10% Preference share capital	20,000	40,000
	1,40,000	1,20,000
2. Reserves and surplus
General reserve	12,000	8,000
Balance in statement of profit and loss	10,800	7,200
	22,800	15,200
3. Trade payables
Bills payable	21,200	14,000

4. Other current liabilities
Outstanding expenses	2,400	3,200

5. Short-term provisions
Provision for taxation	12,800	11,200
Proposed dividend	15,600	11,200
	28,400	22,400
6. Tangible assets
Land and building	20,000	40,000
Plant	76,400	36,000
	96,400	76,000

Additional Information:
Depreciation Charge on Land & Building Rs 20,000, and Plant Rs 10,000 during the year.

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CASH FLOW STATEMENT for the year ending 31st March, 2017

CASH FLOW STATEMENT

for the year ending 31st March, 2017