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Accounts Sum (Cash Flow Statement, Balance Sheet)

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31 views6 pages

Accounts Sum (Cash Flow Statement, Balance Sheet)

Uploaded by

manavpipaliya533
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Balance Sheet

Note As at As at
no. March 31 , 2022 March 31 , 2021

Equity and Liabilities ₹ ₹


1. Shareholder’s Funds
a) Equity Share Capital 3,00,000 2,00,000
b)Reserve and Surplus 1,20,000 70,000
(Statement of P/L)
2. Non-current liabilities
a) Long term borrowings 1,50,000 1,20,000
(8% debentures)
3. Current Liabilities
a) Short term Borrowings 19,000 5,000
(Bank overdraft)
b)Trade Payables 81,000 80,000
(Creditors)
c) Short Term Provisions 1 82,000 61,600
Total 7,52,000 5,36,000
Assets
1. Non-current Assets
a) Property, plant and 2 2,04,200 1,83,000
equipment
b)Non-current 1,30,000 1,20,000
Investments
2. Current Assets
a) Inventories 1,41,500 1,25,000
b)Trade Receivables 64,600 64,500
c) Cash and bank balance 2,11,700 44,100
Total 7,52,000 5,36,000

Notes to accounts:-
Particulars As at As at
March 31 , 2022 March 31 , 2021
1. Short term Provisions ₹ ₹
Provision for Taxation 80,000 60,000
Provision for Doubtful Debts 2,000 1,600
82,000 61,600
2. Property, Plant and Equipment
Plant and Machinery 2,43,000 2,23,000
Less:- Accumulated Depreciation (38,800) (40,000)
2,04,200 1,83,000
Additional Information
During the year 2021-22:
i. A part of the machine was sold for ₹21,000 at a profit
of ₹4,000
ii. The company charged ₹3,000 as depreciation on its
Plant and Machinery.
iii. New Debentures were issued on 31st march,2022, at a
discount of 10%.
iv. Interest of ₹9,600 was paid on Debentures
v. Contingent Liability: 31.3.2022 31.3.2021
Proposed dividend 25% 30%
Cash Flow Statement
For the year ended 31st March, 2022
Particulars ₹ ₹
A.Cash Flow from operating activities
Net profit before tax (note 1) 1,90,000
Adjustments for non-cash and non-
operating activities
(+) Depreciation on Plant & 3,000
Machinery
Provision for Doubtful debts 400
Discount on issue of debentures 3,000
written off
Interest paid on long term 9,600
borrowing
(Debentures)
2,06,000
(-)Gain on sale of Machinery 4,000
Operating Profit before working capital 2,02,000
changes
(+)Increase in current liabilities
Trade Payables 1,000
2,03,000
(-)Increase in Current Assets
Inventory 16,500
Trade Receivables 100 (16,600)
Cash Generated from Operating 1,86,400
Activities
(-) Tax paid ( for 2021) 60,000
Net cash from Operating Activities 1,26,400 1,26,400
B.Cash Flows from Investing Activities:
Purchase of Plant & Machinery (Note 2) (41,200)
Sale of machinery 21,000
Purchase of Non-Current Investments (10,000)
Net Cash used in Investing Activities (30,200) (30,200)
C. Cash Flows from Financing Activities
Proceeds from Issue of share capital 1,00,000
Proceeds from Long Term Borrowings 27,000
(Debentures)
Proceeds from Short Term Borrowings 14,000
(Bank Overdraft)
Interest paid on Long-Term Borrowings (9,600)
(Debentures)
Proposed Dividend Paid(for 2021) (60,000)
Net Cash from Financing Activities 71,400 71,400
Net Increase in Cash and Cash 1,67,600
Equivalents
(+)Cash and Cash Equivalents at the 44,100
beginning
Cash and Cash Equivalents at the end 2,11,700
Working notes:-
1) Calculation of Net Profit Before Tax: ₹
Balance of Statement of Profit & Loss on
31st March, 2022 1,20,000
(-) Balance of Statement of Profit & Loss
on 31st March, 2021 70,000
50,000
(+) Provision for Tax (for 2022) 80,000
Proposed Dividend (for 2021) 60,000
2,11,700

2)
Plant and Machinery A/c
Particulars ₹ Particulars ₹
To Balance b/d 2,23,000 By Bank A/C 21,000
To Gain on sale of 4,000 By accumulated 4,200
machinery A/C depreciation A/C
To Bank A/C 41,200 By Balance c/d 2,43,000
2,68,200 2,68,200
3)
Accumulated Depreciation A/C
Particulars ₹ Particulars ₹
To Plant & Machinery 4,200 By Balance b/d 40,000
A/c
To Balance c/d 38,800 By Depreciation A/C 3,000
43,000 43,000

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