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