From the following Balance Sheet of Mayur

Ltd. and the additional information as at

31st March, 2018, prepare a Cash Flow
Statement:

Mayur Ltd.

Balance Sheet as at 31st March, 2018

Particulars Note 31.3.2018 31.3.2017

No. (₹) (₹)

I. EQUITY AND
LIABILITIES:

1. Shareholder’s
Fund:

a. Share Capital 30,00,000 20,00,000

b. Reserve and 1 3,00,000 4,00,000

Surplus

2. Non-Current
Liabilities:

Long Term 2 4,00,000 3,00,000

Borrowing

3. Current
Liabilities:

a. Trade Payables 1,70,000 2,50,000

b. Short term 3 76,000 64,000

Provisions

TOTAL 39,46,000 30,14,000

II. ASSETS :

1. Non Current
Assets:

a. Fixed Assets:

i. Tangible Assets 4 29,00,000 23,00,000

ii. Intangible Assets 5 2,70,000 1,60,000

b. Non-current
Investments

2. Current Assets:

a. Inventory 2,20,000 2,30,000

b. Trade 1,10,000 1,30,000

Receivable

c. Cash and Cash 4,46,000 1,94,000

Equivalents

TOTAL 39,46,000 30,14,000

Notes

Note Particulars 31.3.2018 31.3.2017

Number (₹) (₹)

1 Reserves and
Surplus

Surplus 3,00,000 4,00,000

(Balance in
Statement of
Profit & Loss)

2 Long Term
Borrowings

9% Debentures 4,00,000 3,00,000

3 Short-term
Provisions

Provision for Tax 76,000 64,000

4 Tangible 36,00,000 28,00,000

Assets:

Machinery (7,00,000) (5,00,000)

Accumulated 29,00,000 23,00,000

depreciation

5 Intangible
Assets:

Goodwill 2,70,000 1,60,000

Additional Information:

(i) During the year, a piece of machinery

costing Rs. 4,00,000 on which
accumulated depreciation was Rs. 73,000
was sold for Rs. 3,10,000.

(ii) 9% Debentures of Rs. 1,00,000 were

issued on 31st March, 2018.

Marks-6, CBSE:2018-19/Main/03/Q-23

 Answer

Loading…
Page 1 of 3 Session
Click
website Main Q- Click
Channel
Set-
on the 2018- MAYUR 23 on
CASH19 3
FLOW
logo to Particulars
LTD. Rs. logo to
Rs.THE
I Cash STATEMENT
Flow FOR
visit theBalance in the Statement visit
Deficit:
Add:Operating
from Provision
YEAR ENDED for Tax31ST
(WN) 76,000
Net
of Lossand
Profit before
LossTax and Extraordinary
(closing- our
Adjustment
(24,000)
ActivitiesMARCH, for 2018
Depreciation
Items
opening)(24,000) (WN)
(100,000) 2,73,000
Interest
Non-Cash on 9% Debentures
and
Loss on Sale of Machinery (WN) 17,000
Operating
(3,00,000 x
Non-operatingProfit
9%)inbefore
27,000 Working Capital
Add: Decrease
3,17,000 Current
Decrease
Changes
Expenses in Inventories
2,93,000 10,000
Decrease
Assets andinIncrease
Trade Receivables
in 20,000
Less: Increase in Current
Decrease
30,000
Current in Trade Payables (80,000)
Liabilities
Cash Generated
Assets and Decrease from Operations
Less: Income
(80,000) Tax Paidin(WN) (64,000)
Cash Flow from
2,43,000Liabilities
Current Operating Activities
1,79,000
Pa
ge|

Page 2 of 3 Session
Click
website Main Q- Click
Channel
Set-
on the 2018- 23 on
3
Particulars Rs. Rs.
CashtoFlow 19
II logo
Proceeds from Sale of Machinerylogo to
Payment
from the for
visitInvesting Purchase of visit
Payment
3,10,000 for Purchase of
Cash Used
Machinery
Activities in Investing Activities our
(12,00,000)
IIIGoodwill
Cash Flow(1,10,000)
Proceeds
(10,00,000) from Issue of Share
Proceeds
from from 9% Debentures
Financing
Payment
Capital of Interest on 9%
10,00,000
Cash Flow from Financing Activities
IV1,00,000
Activities
Net Increase in Cash and Cash
VDebentures
Add: Cash
10,73,000
(27,000)
and Cash
Cash and Cash
Equivalents Equivalents
(I+II+III) 2,52,000 1,94,000
VI Cash
Equivalentsand Cash
at theEquivalents 4,46,000
Cash and Cash
1,94,000
Equivalents
beginning at the
4,46,000 of the year
end of the year

Pa
ge|

Page 3 of 3 Session
Click
website Main Q- Click
Channel
Set-
on
Notes:the 2018- 23 on
1.logo
Dr. MACHINERY 3 ACCOUNT Cr.logo to
to 19
Particulars Rs. Particulars Rs.
Tovisit
Balance
theA/cb/d 28,00,000 By Bank A/c
To Bank (Purchase) 12,00,000 visit
By
(Sale) 3,10,000 By Accumulated
Loss on Sale Total By
of MachineryBalance
A/cTotal our
c/d
17,000
40,00,000
Depreciation A/c
36,00,000
2. Dr. ACCUMULATED
40,00,000 DEPRECIATION
73,000
Particulars Rs. Particulars Rs.
To Machinery
ACCOUNT A/c (sold Asset) 73,000 By
Cr.
To Balance c/d 7,00,000 By Statement of
Total 7,73,000 Total
Balance b/d 5,00,000
Profit and Loss 2,73,000
3. Dr. PROVISION FOR TAX ACCOUNT
7,73,000

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