FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement:
Note
No.
31st March 31st March
Particulars
2015 (Rs)
2014 (Rs)
T. Equity and Liabilities
1. Shareholders' Funds
a) Share capital
b) Reserve and surplus (Balance in
Statement of Profit and Loss)
15,00,000 10,00,000
7.50,000
6,00,000
2. Non-current Liabilities
Long-term borrowings
3. Current Liabilities
a) Trade payables
b) Short-term provisions
(Provision for taxation)
1,00,000
2,00,000
1,00,000
95,000
1,10,000
80,000
Total
25.45.000 19,90,000
II. Assets
1. Non-current assets
a) Fixed assets
(1) Tangible assets
(11) Intangible assets (Goodwill)
b) Non-current investment
10.10,000 12,00,000
1.80.000
6,00,000
2
2,00.000
2. Current assets
a) Inventories
b) Trade Receivables
c) Cash and cash equivalents
Total
1,00,000
1,50,000
3.40,000
25.45,000 19,90,000
1,80.000
2,00,000
3
3.75.000
Notes to Accounts:
31st March 31st March
2015 (Rs)
Particulars
2014 (Rs)
1. Long-term borrowings:
1) Debentures
11) Bank loan
2,00,000
1,00,000
1,00,000| 2,00,000
2. Tangible Assets
1) Land and building
ii) Plant and machinery
6.50.000
3,60,000
10,10,000 12,00,000
8.00.000
4,00,000
3. Cash and cash equivalents
1) Cash in hand
11) Bank balance
70,000
50.000
3,05.000
2,90,000
3.75,000 3,40,000
Additional information:
1. Dividend proposed and paid during the year Rs 1,50.000.
2. Income tax paid during the year includes Rs 15.000 on account of dividend tax.
3. Land and building book value Rs 1,50.000 was sold at a profit of 10%.
4. The rate of depreciation on plant and machinery is 10%.
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