201 6 (MA\')

Nam e of the Pape r Corp orate Acco untin g

N~ e of the Cou rse B.Co m. (Hon s.) ..
· : · ·. , M. . · k . 75
Duration: 3 hour s '.. a_ximum mar: s.
1 Attem t All the·· u ti', , :. .. : -- .
_ q es ons. Show your worki ng notes as part of the answer. .
· P . . •, . · , · ·
2. All quest ions carry equal marks
. _ ,.
3. All parts. of ques~on should be atti!mpted together.
Q. 1. (a) Diff eren tiate betw een Capi tal Rede mpti
on Rese rve and Deb entu re
. · · ..,. .· · 5
Rede mpti on Rese rve. .
(b) The follo wing bala nces appe ared in the book s of Sapn a Ltd. as on
.· ' 10
April 1, 2015. . . · · --.~ -· , ·.. : ,. : ,· , ,- . . , . . :
.. . . f4,00,QOO
12% Debentures (Face Value ,100 each). ·:. . , ·: ::· ,,.· ,,'.·.. -· , ·_,, ·. ""·. · . f2,50,000
Debenture Redemption Aind : .-. -.· ·.' ; :,t.?-~-· ). · :. ·
-FaceValue of t3:oo;OO0l f2,50,000
Debenture Redemption FuncUnvestment_(ln._8_% Govt. bonds :of.
on ~ovt . ·
and inter est
Inter est on_debe ntur es_. was , pc1,yab,le.. on .31, _~an ;h
st
Apri l, -~015 ,· th~'.::com pany
Bonds was rece ivab le,- On}t h~,· _same .'.,dat~~;;;· On '.1st
s in · the·(niarket at f96
purc hase d for imm edia te .· cariceUatioi{ 500"debe nture ng.8fof9 '•;'./j;-c·, . ' 'n ds_. ~f
sel~i
each._The amo unt reqt tlri~:·for''this'\~·as"-rais'e •c1 by.
00 was/ ap ed for
the face valu e of 60,000,:\O11; J\4ar.ch i31 .~; _2016, ·• f41,6
8

8% /·Go. ··wer e
Debe nture s Rede mpti ,.on;!'Jiui{d ,_~i(o tf. the ysam e dafe ~ • .:•• ,., < .,~.., ,..,,:
•

acqu ired for the amo unf_ phis ·iit!e tesff or the y~ar
• . •

_ptio n
._ }',' •• <; '., - , '
~~. • ·. , .,-., ·-; •.•.,. )•

on.D eb~~ --~- ·_

' .. ( ; : , , ... , • , ,.;_ .. ',.·- : ,;,-;-•'
•

ired was f
.· 76~0 00. -You ·are
Fund inve stme nt. The face valu e of the Bond s acqu Fun d
entu re Rede mpti on
. . requ ired to prep are 12% Deb entu res Acco µnt, Deb
nt Acco unt. · - · · .: ·, •·'. ·_· -~:
.Account and Deb entu re Rede mpti on Fund Inve stme
Capi tal and Deb~ nhir es.
Sol. (a) See Q. l0(i) , Ch.a pter l;.AccC>~nting for Shar e
'.. ·-.. ·:·:'.,;_.-.</J.>:? "-',/_~.:· -~:··.--.·~,. ';; _:". ·:· _ .::•·: . "/-~',:t~0~~/ ·· , 'g~·T-:-9
e P.-35
De:n~ , :.
(b) See Q. 21, Unit I/ Acco untin g for Sh~ e.Ca p1ta land . ,:.,· _;; .
. , , .. · .. . :·:, ,_... ;:{:;.::__;,-::p r :\,•- ;';, : . ... :: :_ . ">):/)t ~
(a) Whe n is the Secu ritie s. ·f r~~ u~- ,~cco_ttnt ·c reate d? _s ~~t~ Jb« ses, {or
e i•utili .ied... ,. ~ . . . . -· S
. whic h the secu ritie s premiu11t' ·c aif.b
0

(b) Follo wing is. the Bala nce. Shee t of Pank aj Cem
~nts . ~t!f.··
• _, ..... ·,:.~.-~-~-.: ."'~

_ - ~ ·, _'.•i: r.\
-,.~ --~--) .. J ' '

and Liabllltles ': ·-· ·

I. Equity . _ . . ., · .
paid -up ,,,.·:·; .. •._;;: _,, . . _-.'.
Preference Share Capital: 8%; 5,00~ shares of f100 eac~: f80 _,, _.
Equity Share Capital: 50,000 ~har~~-e~ ~1?.e~~~ .f~!'r:P~~d ,
,. ; ;_, .~ ·tl;' · ·.

::~~;~ ~:~ ~~~ : >. \~/: : ./::,r i···. ·.· · ·•. ·· >·. u

:::::=::::::~~~~~---·-·:.··~:/·/ /i _ ,_
::,t-=:L:::la:::,bl::ll:::tle:::s:.__--:-;___._-.~~~-~;--:-~::-:--::::-.::
--..:C::u::,re:::n.
TOTAL·.·· , · ,,_. '· ·, · :·· .. ,· . .', ., . ,,·. ·. :-;·, _. , _._,,'
' II. Assets '.
I •~ • ,.. .

Non-Current Assets ·, · ·-·

If. Investments
Current Auef .:
.
Sank ..

Preference Shares are to be i:edee~d,~1t ~em j~.- .

Per share .w as mad,. $0 ,Shar~holde~ ·~qld ing 2,, _.
.- llloney. Dire ctors
.:,.,, !.,-, ;,~-. '' . ;;,;.·.: 19 fully p :·1 :,
ded~ed to re4e ,m the~c,,- •;,- .. ' ._,,.

•'

' ,. '~':) ., :
·,:

-·, · "'_:
20 ■ Shiv Dn~ DFU H UNIVFRSITY Sfl{lES
d
the un-distribut-cd profits aft-t'r lraving "1,00,000 in profit all Joss accou
Investments wrrc so.I d for fl,10,000. New equi.ty Rhares of '1~ each at":
th
premium of '1 per shat'e were issued to I.he public to . e extent necessary to
comply with the requirements of law. Repayments on redemption Were mad
in full except to one shareholder holding 100 shares who was ~ot traceabJe. e
You at'e requited to 8how the Jour11al Entries .in the Books of Panka·
Cements Ltd. . ·· 1J
Ans. (a) St_,c Q . 1, Unit l, Accounting for Share Capital and Debentures.
· '. [Page T-1
('7) See Q . 13, Unit L Accounting for Share Capital and Debentures~ .. (Page P-21
Q. 2. Sakshi Ltd has Authorised Share Cap~tal ?f f20,00~00,0 ~~nsfsting of
2,00,000 equity shares of '10 each. The following 1s the Trial Balance,of the
company as, at 31 st March, 2016. '
Debit Amt. (r) Credit Amt. {t)
Calls in arrear i ,00,000 , Sales 78, 10,000
(on 20,000 Shares@ f5 per share) Creditors . . -' . 1. 2,50,000
Purchases 43,85,000 12% Debentures . -.~. , :· ..' , ~'.. .· ~:., 5,00,000
Advance Tax Paid 12,25,000 General Reserve : · · -: .,,..··2 90 000
Salaries 10,00,000 Provision for .Oepreciatiorf or:(Plan i!': '.,;:,::'2'.so:000
Selling Expenses 11,00,000 Provision' for Depreciatioh'p .,.. ;•:~·
Rent 60,000 Furniture , ·· ,,· · .50,000
Interest on Debentures 50,000 Securities Premium , ' .: · · · 2,25,000
Plant 12,50,000 Surplus (P & LAie) (1-4-2015) ; ._,i . ~: 60,ml . ·
Furniture 6,50,000 Provision for Bad Debts - .-~ .. ~- { -~-, ;. }. .,15,,000
Debtors 4,00,000 Commission ; / -. 1 : • • , . : 50.tiOo ·
Discount on issue of Debentures ·· 5,000 . Eq~i~:-.St'la,re_.9apita!,,Jl,t :Qooo·.: ·· · · ·' ;· ·
Stock (1-4-2015) 2,25,ooo '.---~q~~~-~p~r,~s,9tlJ : .00,000
Bad Debts · 25,000 , 'Prov1s1on .for?rax.(1 •· ,25,GOO

1HHE··.f fil~i~L~,
Bank
Land & Building

. . --·' I ,-Ii • , ,,~ ..... ~~ ,_,. . . ·•·•

, ' ,. < ··: ,,._: -~ ,.,\ , ,, ,,:si:¾'-"~{\~_
-t, ... , .,~~~· ,
'!!' f"-
Addtttomu n, onnation:
... '

;. . ._:':-G/<'
fl0 ,000.~ outstanding. ',, ·: ·.. ', ·. :, . ·_ .·. ., <"-.,.'. it 1
;\ R
.
' ' ,!
(z, ent ~ .:· ""'~'
;,'
(ii) Provide depreciation on plant 1t20% per·, cfimJrttf · ,':
:, .,. . ,, ~......
·_{: '· ·".,:""'
per annum on written down value basis. . , 1, • 1 ..

(iii) Maintain .a provision of dou.b~ul debts ·at 5%?

(iv) Make a provision of 30% for incoine tax . . ·_-/t;i'
(v) The company proposed a dividend at 10% 0~~,.-: ;, • • • • ; , · :i','

(vi) Oosing stock is fl0,00,000. . · .:<~-t:; ~-- •

<
· (vii) Transfer fl,,00.,000 to the Gener&l Reserve.:< · ,,. •~,"l.

(viii) Debentures were issued on 1-4-2015. ' · >"::,. 'I

You are required .to prepare: ·>~f

(i) StateJ1tent 0f Profit and Loss for the y~ar''t·
(it1 _Balance-Skeet in the pre~Jjb,d :form·;_.~
· S~heduf.e II~ of C~mpa~ies Act~ 201,3~ ··'\. :·' -1 t. .. ~ ·. ,~
Sol. See Q. ·10., Urut}}t Fu1:~nc1al .Stat,ments
.. , . . .. Or
ot
(a) Not in Current Syllabus.
.
~. _.
\. ' ~

i,"l :.·!,
~ ·, ·.•· '

~:;t.:;
. ;,~
.; / ~/~~-,
':

~-'\~-~ -~-;~.:~-.,t:~f
.:>}J;f "
 CORPORATE AC'< 'OUNTINC - 2()'16 (MAY) ■ 21
(1,) The paid up capital of Nagarjun Ltd. consiRte.d of 1,00,000 equity sha:res
of UO each au d l0,000, 8% preference shares of f100 each. The profit and Joss
account of th e company for the year ended 3pt March, 2016 showed net profit
before tax of t 4,oo,ooo. The net profit brought forward from previous year's
balance sheet amount~d to ,1,20,000. The company makes a provision of 3<JO/o
for income tax. Following appropriations were proposed by the company:
(i) To pay dividend on preference shares.
(ii) To pay final dividend @ ,1
per share to equity shareholders.
(iii) To transfer 10% of the current year profit to general reserve.
Prepare Notes to Accounts iJJ. respect of Reserves & Surplus as per Schedule
III of the Companies Act, 2013. 5
(c) Not in Current Syllabus. 5
Ans. (b) See Q. 7,' Unit,II, Financial Statements of a Company. [Page P-64
Q. 3. The position of J?amoder Ltd, as on 31 st March, 2016-, stood as under:
Credit balances (t) . . Debit Balances (r)
Equity Share Capital · . . . . .· 20,00,000 . Goodwill 2,50,000
[20,000 Equity shares off100 each] Plant & Machinery _ 3,80,000
12% Debentures . r, ..., 5,00,000 . Land & Building ,. 1,50,000
Debdentureinteresf ';.·,,-,, ·.~~- ', :, 1,2_' o,ooo SDeJobck .. .·,;.::.~~:. :.,./ -/·j: ·.;· 2,10,000
Cre itors ' , ·-. ··_ :,_ 3,00,000 tors ' · - •· : ', -~""',. ·~~:;-•. ~:., • ~~:1i 60,000
,'{j,,:~,,'.i"~'..'i< · ·Cash &'Bank:-£~~, . ._,. _ . •.. ~: . 35,000
. Profit & Loss Account · :•: ~ · t.:.:, __ / '.. ,. 17.55,000
Preliminary Expenses .I"! ~:,·-.i ·;_ f, .. • -.: ·20,000
29,20,000 _._ - ✓'., . '! ., -• ! .._. -~ .1 29,20.-
1
The_ follo':'7ing s{h.~~,.;:?,~/ e~9~~~~ti01)_ is e?'e<;~t~~: "v~ ._._ .,, :·"·i..,.,_· :_
(z) Eqmty shaxes_'. are. :rf:!q11~etlJ:,y;. ~95 per--shar~;-
. ·into 10I 00O"e'q"· tlitt'
•J
t ·shares
-
'c:Jf ~10 ~ach. ..~. . .,. .'::'"?Ji~,
..,.,.,-:!"~"'
. (ii) Debenture; ,P?~ders·r~gr~ ·(, ~o~:' fo~g? ' outst~~-:. _-.,._ As
compensafion, 12% debentures are ~onv.~~~- , . , . . ·,. . .
(iii) Creditors are given the option· to either accept 50% of their,cla.i.i;m ~ cash
in'full•settlemen1:·:or.-to :convert their claims .in '.J'
"
,
- 1 Oeach.
• J I,

Creditors f~r t2,oo,ooo opt for :'shares and the i!:·~~

4,.. :,.. •
-:... '
',
'
;
- • ~' -,.·

.
(iv) To make pa)'inent
to creditors opting-for ·cas J ,. -~ . . _. .,Bqt~t
- ... - - w ..

working capital, the company issues.50,0QQ each at

par. The issue was·fu~y subscribe~ atJ:d.P.~ a_.:, o_~-.
(v) Goodwill and losses to be written off~Qm
(vi) Following revaluations were made: ...... t ,
LMd and Building . ·. -,~·:;t :..:·
. Plant arid Machinery · · , . :~tit \'_:_:·:;;_ ·_ .
·· Debtors"· · \ " ·
Pass Journal Entries and prepare Balai,tc:_f · ~· · ,
re;onstruc:tion as
per Schedule Ill o~ tico:,.. $ ...
ol. ~ Q, _17,· Unit IV; Amalga~ _.,, .. ~ ·-•,:p1 _.·,· ·.:
Companies .. · · ·. · .· J,. .. ti i~,,:
'i ~.i, ~ • ~-!}=~~ ~'j{-.:._:' ;)_.~
, , •• ·(:~::~,;:t~: '
The Summaris~d balance Sheet 6 -~-- J~.'~ _. . ·:}~.t: . ,~-t: ,
~ I

22 ■ Shiv h r,~ nFU H llNlVF.RSlTY Sl.\Rll\S

l'artia,la~
I. Equity. and Ll.abllltles:
_ - ------- ----- -- 4,.~._ ,f : ,. .
60~000--ffqu.ity shares off 10 each 6-00,00() .
General Reserve ·.. 1,70,00o
Profit and Loss Account ,• 1,10,00o
12% Debentures ·,,, .1,00,00o
Creditors • 20,00o
·· · 1 ,00,000
II. Assets: Goodwill . , '•• , 1,00,000
Land, B1.1ilding & Plant ---. ... · .r·: 6,40,000
Stock - . · (i.i. 'j ~<r1,ea,ooo
Debtors '.; _;\ 36,000
Cash & Bank Balance . ', ,,:., ., 56,000

Sidharth Ltd. agreed to absorb the business pf G~njan l,td.J~it~,~fect from

1-4-2016. The purchase consideration payable by S1dharth Ltd. Was agreed as
follows: _ · "~·,,-:r r~~;:t:~t.)::~.1~; ::•::~;;;'.;f//t:~:\~~-.r:
·i ·. •. ··,. ..

(a) A cash payment equivalent to ·,2.SO .for ,e'7e_ry:'. ~10'· ~h,ar~;~ ~ttpf~.i.td.
(b) The-issue of 90,000 equity shares 9,f ~W ¢achJ9J!Y::,:Pil!\JJ~! \ .•.. ,.., . _ Jd. at an
· agreed value of ns per share. _ ... , ._ ... , .. "~-· ., .,.. -~~ ";; = · ·
(c) The issue of such an amow:it 9£ fullipa~d} 9,'.¾>.:J>.~~n. Ltd. at
96% as is sufficient-to discharge 12% De,bentµr~s)nt~ >-..
of 20%. The face vaiue of a Deberittrrtt~o'f-S1d1tfflii'1:fcft: .
While computin g purchase considerat ion, Sidharth Ltd. vabie4 · Land, _.
Building and Plant at '12,00,000, Stock at tt,42,000 and Deb~ors at.their face
value subject to a provision of 5% for bad debts. Th~ cost of liquidation of ·
Gun.Jan Ltd. was rs,ooo borne b Sidha,:th Lt<J.... . . . ,

R:::a:::n
Sol See Q.
Companie s.
~

r~~~~ htd~·: ::
. r

Entries in the books of Sidharth Ltd. _regarding·"

7, Unit IV, J\faalgam~f.ion, .
. -.. , ... , ~- ·-
. .::;},;, ·"· .-_.
:::;:~itl~~ia,"cqui;J
Re~?>n~Wt:tt{t'.
~r~
-;.1~ -;.,<,:. '-<,;_..•x·~r;;:i~<.>:·µ..:\: ...,';;:-,,_;f :t·;i' • .. .. , .., ••,• .,, • ~. ~. ·, ..;

=.'
l
~ /j~: ··
... ..

1
·, •

· · · · · , ·'- '·- ;;,:··,' .:<. _,-;--.,,:.., ··:_,. ,. ,. · ·- . · .__.,.... ··- ·- ---.. · · ·

Q. 4. H Ltd. acquired 32,00~ equity,- ,h~es .of tl,O each:.· ,
2015. nie balance sheets o_f two
· · Particulars
CQlllpanies as:af ·31st -M~.;:'
· ·· · ·· ·· ·
I. Equity and Liabilities: Equity Share Capital of .?10 each . . ... ,...
'. ... GeneralR~serve (11•.201~)' · · 1 ::\f1;'?ifii-'
,: · . Profit and Loss Account · · :: z:~-:~ <{_.'.
P~eliminary ·expenses (1-4-2015) 312.·•i
BaAk Overdraft . . • ·.. . , \ , ., •. ;""
·· . Bffl~ . Payable . r . . .,:· ,f
Tra"'e
" Creditors·" · ·.. ,J/t
". \ '

JI. Assets: J..an~ and.Building •,:

'/1" PJaot and Machinery · ,. ,, ·
:.; .·": ~ lnvestm$0tl in eq~ity shares of S Ltd. · :.-:
·,·-.,)./ Stock lri trade '' ~ ,-· '· :,
· . -! .. ·Trad, Oe~tors . ::>. ·· · · . , ·: ·. .. ·>.
-/:'.·:\ Bills Re.celvap1, _··:.. • \: .
•,,. Casfr:;;,,:.,i· :: . -- -, · ,,_,.\. · · .·
 2ffl 6 (MA Y) ■ 21
COl{PORt\TH A< 'CO UN T IN( ; -
(i) The Profit and Loss A., unt of S Ltd. . show(•u a b,1lance of tn<J,(J()(J
un
pt Ap ril 2015 f .cco
for the ;ea r· 20 1 ~ ~lc ~1t hi
:h 8 div ide nd of 10% was pai d on J
FJt Now!'fnbe r, 2rrl5
by f 1 Ltd.
e div ide nd wa s correctly rec ord ed on 111 t Ap ril, 2015
(ii) Th e Pla nt and M · . which sto od at f3,0 0,0 00
wa s con sid ere d ac ~ery of S Ltd dat e of acq uis itio n by H Ltd .
S
r lO% wor t ,2,6 0,0 00 on the
Ltd cha !e Ma chi ner y.
· ~ s p.a. rate of dep red atio n on Pla nt &csub sid iar y S Ltd . as at
eet of H Ltd. and its
?te par e con sol ida ted Ba lan ce Sh 15
rch , 2016 , as _pe r Sch edu le III of the CompanJes Act, 2013.
31 Ma .
Um t V, Ac c~u nts for Ho ldi ng Co mp ani es/ Par ent Co mp an ies
Sol. See Q. lO, [Pa ge P-1 83
•. .
' Or . :

Th e fol low ing are the Ba lan ce

She ets H Ltd.&: S Ltd. as at 3p t Mar., of 2016:
S Ltd. (t)
. ,. , H Ltd. (t)
I. Equity and Liabilities· . 5,00,000 2,00,000
) · -·
Equity Share Cap_ ital (Fully paid equity shares of ?100 each 1 oo 000
. . . .- , .
· General Reserve , 'ao:ooo
Surplus/Deficit in Stat eme nt of Profit and Loss ·. (1,00,000)
Loss : . .. .
Surplus/Deficit in Statement of Profit and · ··" · ,. : . · 1,00,000
6% Debentures (Secured) ,·-< _( ·, ....; ·:
45,000
Trade Creditors :•: · .~: "·2,4 5,000
,,"·".· .~- - ,• '. ~ '
p·; , ,,..: 7, .000...,,;,&:1.._.;;;:::...;....;..:,.:....:....:._
' f",.';,: : •"'::·•. 1; ;;,,--.,..:~-;· ; . ;·~i./;,;,,!. 50.000
tit/; {::~ :.ri. ':1.;, ,::,.t :r. -, . • ,.,,_,.'r-_ .-,_i:t·, 000
d Ass e~_ :Jari gi~I~ ~,;.".•
II. Assets: Fixe k-in-trade "-,- " ..,,,.,.,,.,,... '·:•·,,_,.,.,.. ·'· ··· • · · -· ' - · 1 ~ ·' •.., ... ~ ;"
40
•
· Stoc ., j . . "
30,000
• '
,
60,000
Trade Debtors .· 60,000
6% Debentures in S Ltd. acquired at cost · ·· 1,20 ,000 ·
Ltd.
Investment in 1,500 equity shares of S · 75,0 00
Cash at Bank, .!'; ·:<,:·:,,, , ,:.;: ~-:-. "''· -:· .,...
-.:._ - • =, --- t-- -" ---
, ,--. Toftll /· .. ·., ('. · . . _.
.:' .,
H Ltd. acq uir ed'sh ~~ ;''iii :g Lfd
"'oii"°lst Au ~s t; 201s;., "' . Da rin g
d a neg ati ve. J;,a lapc ~· i.e., los s &f '1,50,000 o~·
Ltd. sho we . i:l·ns1nt!I'
.-~e_r,~ de$ ~oy e~ by fij.-e.,
Jun e, 2015, goo ds c9sti1,1.g ,! 10 ,~ of S Ltd. inc lud e f20,000. for goo ds mp pli ed
·
pai d on ly f6,000. Tra de Cre dit ors of ., 2,0 00. Ha lf
sti ll
wh ich ·H Ltd o"m ade a pro fit '"'·
by H Ltd ; on . . · · .· . . ·. :, .-.. :;
in sto ck 3,1on
st Ma rch ;: 20i
b.a
6
lan
• . -..::·
ce·.
., :··
she
; ;·- ,
et :of H Ltd. an d it-.
as at
Pre par e con sol ida t~d 15
st Ma rch , 201 6, as P~! S~l t4? dul e_III of th!. C_o mP .~ •
31 .~o
4, Un it.Y i ~cc ou~ ~S. /~r ~o ldi ~g ·69
Sol. See Q. ·"'.:"1, , ''!,i.◄ l _ 1:~:-~ --~ {::,, .. ·.:. ✓-
t_~.. 1·, :.;.; :.< ~ ~-~:.~
.. . ,. , . '.

I\,
Q. 5. Th e fol to~ ini 'are ti,rEqu!ty;t_iab~ ~,,~. e. . Al!l ll@M ...UlA W ·,o_.

'

31 st March""·201s ·and 2016~:

0 -- i ' ·'. : ;_ .. · , .-~_ '/'

· '. Particulari.:'. ·1- ".'· · .. ., ·

 24 ■ Sh iv D,, s DELH l UN
lV ERSITY SERIES
II. Assets
Land and Building
Machinery 10,00,000 9,eo ,ooo
Investment 15,00,000 18,40,000
Stock 2,00,000 1,00,000
Sundry Debtors 6,00,000 5,60,00Q
Cash in hand 8,00,000 8,40,000
Cash at Bank 4,00,000 3,30,000
s,00,000 8,20 ,000
(a) Pr op os ed Divide1~d 51,00,000 54,50,000
of {2,00,000 (2020·21) was
31 st M arc h, 2022. pa id du rin g the year end
, , ·
ed
(b) Du rin g the year, co
mparzy
pa id ,2,so,000 ca sh an d iss purchased m ac ~e ry for ,4,50,000. The company
ued 20,000 equity sl,lare$
(c) In co me tax pr ov id ed of flO each at pa r .. :
du rin g tJ;\e .year U, 10! 000
(d) Th e co mp an y so ld so ,.. ·- .
me inv es tm en t at a pr of it
to Ca pi_tal Reserve. of f20 ,00 0 wh ich wa s cre
. · ,--: ,./ · dited
(e) Th er e wa s no sale of
'm ac hin ery du rin g th~·ye
(f) _ De pr ec iat ion wr itt en ar_._
off on La nd an d Bu ild ing ·- .•. ._
(g) lg no re' Co rp or ate _Di vid --?40~000. _,,. .., -,· ',;: ;: ~-,
From th e _ab ov e partic~ en ? T~x'.. , . :·· . •'--, .-.. - ., . '•, - .xd.:;t''\. . J
en de d 31st March, 2016 lars__ pr ~p ~-~ ~:. Cas'1 .~o
'V, ;St ~t e~ ~~t:! ot
.
So LS ee ·Q. 9, tJn it•m , Ca per AS-3. (revised) b sin g indil'ect~lllethod ,Jl1e year
, a_ s ·
sh Flow State:iiient: > --:, .:,'~ - 15
1;:• ,;_ '. ·.ii;iwtili.:.~
"\f.:[PJ ge p.93
(a) No t in Current Sylla Or '
'
bus. _ "::
"\.

(b) Ex pl ai n th~ m ea
ni ng , , of,_,'Cash and Ca ._. :.~•- ' _
(R ev ise d) . sh _eq ui va l_e!l~~ -·-~ per AS
(c) Th e fo llo wi ng .b
· . {.{- \i t: :;':3)!~1}&£~•7":: f?l ~g :t)i .f~ -;
-3
Vi ve ka na nd Ltd. as on ~ ~s~~~lj1ir~t _'.
" i:t~ -~~. - 5
''"'•""' e_n-!{~:thef
~ ~p~µ! ,7.9.l.~-~~; ;,~'lf,?:'i.{:':,,¥,[ · --~·---~--~--, .,.~;; '"'-$beet . of
~ , ~~ . ~ ,· {( (.,.· .-r-: . -~-~;-~-~1),-:,~: . ~~-,~:;~(-~~~':.·1:~,t'.~j~;~-~;1~~~~:~;:: ~ :. S
Property! Plant & EquiP!TI_ 1t~- .~ t~; ~ ;t~ \:~----

==. f
ent {at eost}~i:ri..fi}_Jh·!'.ti~: ...,.,,f
Le:ss: AG,cumulate~ Pepreciatiof),,;
"{,\,<;fL; ':,,:;g;:,• ·,;px •t:~~...,.il:"-,p~~•s~
: ;,f
~~-""_~-• ..._.1"•'- - _..... ·' -::_· ·:· - _; _,
• I II Ill
•\•'•'"'I'~,~~,-1(.,. ;. ,_ ' ',

Current liabilities
.,t~ 7
~i~~t)1!\1Jt:{t4i£1~Ji~~,.
.• ----. ••· l i ;:i~·c:•·: , ·::--" , :i::,.',"'
A1;;·•~; •. ,
II ,000
,000
,000
,000
Th e ne t profit after · .de :·,:t :~\•: -,-~"-: :" ,000
prec\a#<>1f •:amo'tt~te4 : to
pr ov id ed fo r depr-eciat ::,3 ,oo ; -
ion·}U,60';000 for.the'. yeai;
Du ri ng the year 2015-1~ 't201S-16.•;;;.·J:.:.
~ the ·company purchase
so ld a machin~:. ~ostt,ng d.m~c · . ·
f75,000.-Tlte·current ass~ ,,,'1 ,1)(),900 , (a c~ u~ ~~ t~ ~ep':·
ts and current hab1hties'. d_:·:
31st March,.2016 we re
fll ,3 0, 00 0 and fS,00,00 (exclu
Intere~t re ce iv ed on in ve 0 re sp ectiv-··
stm en s amounted to '1
Calculate CasJt'Flow t'r 0, _,,
the y~ ar 2015-16 as per
om Op erati'ng Ac tiv iti es an
AS-3 (R~vised) ~ .. : -": /·;;
So l. (b) S¢e _Q ~3, ~hapte~ . ·:·' '. -
3, Casi\ f'lo~ _Stateme _ ·
(c) See Q; 10; YtJit
lll, ~a sh llo w $tatements.
: ,f' _ ., J~:a1;. ;·_ ,'• .~... t-,{·
, ... ·" ,_ • -
~

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