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Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement: 31st March 31st March 2015 (Rs) Particulars Note No. 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 1 1,00,000 2,00,000 3. Current Liabilities a) Trade payables b) Short-term provisions (Provision for taxation) 1,00.000 95,000 1.10,000 80,000 25,45,000 19,90,000 Total II. Assets 1. Non-current assets a) Fixed assets (i) Tangible assets (ii) Intangible assets (Goodwill) b) Non-current investment 2. Current assets 10,10,000 12,00,000 1,80,000 6,00,000 2,00,000 a) Inventories b) Trade Receivables c) Cash and cash equivalents Total 1,80,000 2,00,000 3,75,000 1,00,000 1,50,000 3,40,000 3 25,45,000 19,90,000 Notes to Accounts: 31st March 31st March 2015 (Rs) Particulars 2014 (Rs) 1. Long-term borrowings: i) Debentures ii) Bank loan 2,00,000 1,00,000 1,00,000| 2,00,000 2. Tangible Assets i) Land and building ii) Plant and machinery 6,50,000 8,00,000 3,60,000 4,00,000 10,10,000 12,00,000 3. Cash and cash equivalents 50,000 i) Cash in hand ii) Bank balance 70,000 3.05.000 3,75,000 3,40,000 2,90,000

Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement: 31st March 31st March 2015 (Rs) Particulars Note No. 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 1 1,00,000 2,00,000 3. Current Liabilities a) Trade payables b) Short-term provisions (Provision for taxation) 1,00.000 95,000 1.10,000 80,000 25,45,000 19,90,000 Total II. Assets 1. Non-current assets a) Fixed assets (i) Tangible assets (ii) Intangible assets (Goodwill) b) Non-current investment 2. Current assets 10,10,000 12,00,000 1,80,000 6,00,000 2,00,000 a) Inventories b) Trade Receivables c) Cash and cash equivalents Total 1,80,000 2,00,000 3,75,000 1,00,000 1,50,000 3,40,000 3 25,45,000 19,90,000 Notes to Accounts: 31st March 31st March 2015 (Rs) Particulars 2014 (Rs) 1. Long-term borrowings: i) Debentures ii) Bank loan 2,00,000 1,00,000 1,00,000| 2,00,000 2. Tangible Assets i) Land and building ii) Plant and machinery 6,50,000 8,00,000 3,60,000 4,00,000 10,10,000 12,00,000 3. Cash and cash equivalents 50,000 i) Cash in hand ii) Bank balance 70,000 3.05.000 3,75,000 3,40,000 2,90,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Prepare Fund Flow statement

Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement: 31st March 31st March 2015 (Rs) Particulars Note No. 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 6,00,000 7,50.000 2. Non-current Liabilities Long-term borrowings 1,00.000 2,00,000 3. Current Liabilities a) Trade payables b) Short-term provisions (Provision for taxation) 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 (i) Tangible assets (ii) Intangible assets (Goodwill) b) Non-current investment 2. Current assets a) Inventories b) Trade Receivables c) Cash and cash equivalents Total 10,10.000 12,00,000 2,00.000 2 1,80,000 6,00,000 1,80,000 2,00,000 3,75.000 25,45,000|19,90,000 | 1,00,000 1,50.000 3.40,000 Notes to Accounts: 31st March 31st March 2015 (Rs) Particulars 2014 (Rs) 1. Long-term borrowings: i) Debentures ii) Bank loan 2,00,000 1,00.000 1,00,000| 2,00,000 2. Tangible Assets i) Land and building ii) Plant and machinery 8,00,000 4,00,000 10,10,000 12,00,000 6,50.000 3,60,000 3. Cash and cash equivalents i) Cash in hand ii) Bank balance 70,000 3,05.000 3,75,000 3,40,000 50,000 2,90.000 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%.
Transcribed Image Text:Q4. From the following B/S of X Ltd. Prepare Fund Flow Statement: 31st March 31st March 2015 (Rs) Particulars Note No. 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 6,00,000 7,50.000 2. Non-current Liabilities Long-term borrowings 1,00.000 2,00,000 3. Current Liabilities a) Trade payables b) Short-term provisions (Provision for taxation) 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 (i) Tangible assets (ii) Intangible assets (Goodwill) b) Non-current investment 2. Current assets a) Inventories b) Trade Receivables c) Cash and cash equivalents Total 10,10.000 12,00,000 2,00.000 2 1,80,000 6,00,000 1,80,000 2,00,000 3,75.000 25,45,000|19,90,000 | 1,00,000 1,50.000 3.40,000 Notes to Accounts: 31st March 31st March 2015 (Rs) Particulars 2014 (Rs) 1. Long-term borrowings: i) Debentures ii) Bank loan 2,00,000 1,00.000 1,00,000| 2,00,000 2. Tangible Assets i) Land and building ii) Plant and machinery 8,00,000 4,00,000 10,10,000 12,00,000 6,50.000 3,60,000 3. Cash and cash equivalents i) Cash in hand ii) Bank balance 70,000 3,05.000 3,75,000 3,40,000 50,000 2,90.000 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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