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Q1. Following was the Balance Sheet of Himanshu Ltd.

Particulars Note 31.03.2018 31.03.2017


No.

I. EQUITY AND LIABILITIES


1. Shareholder’s Funds:
(a) Share Capital 14,00,000 10,00,000
(b) Reserves & Surplus 5,00,000 4,00,000
2. Non-current Liabilities
(a) Long-term Borrowings 5,00,000 1,40,000
(10% Debentures)
3. Current Liabilities
(a) Short-term Borrowings 20,000 30,000
(Bank Overdraft)
(b) Trade Payables 1,00,000 60,000
(c) Short-term Provisions 1 60,000 30,000

TOTAL 25,80,000 16,60,000

II. ASSETS
1. Non-current Assets:
(a) Fixed Assets
(i) Tangible 2 16,00,000 9,00,000
(ii) Intangible(Goodwill) 1,40,000 2,00,000
2. Current Assets:
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 5,00,000 3,00,000
(c) Cash & Cash Equivalents 90,000 60,000

TOTAL 25,80,000 16,60,000

Notes to Accounts:
Note No. Particulars 31.03.2018 31.03.2017

1. Short-term Provisions
Provision for tax 60,000 30,000

2. Tangible Assets
Plant & Machinery 17,60,000 10,00,000
Less: Accumulated Depreciation (1,60,000) (1,00,000)

16,00,000 9,00,000

Additional Information:
(i) A part of the machine, costing Rs.50,000, accumulated depreciation thereon being
Rs.20,000, was sold for Rs.18,000.
(ii) 10% Debentures were issued on 31st March,2018.
Prepare Cash Flow Statement.
Q2. From the following information prepare Cash Flow Statement
Particulars Note 31.03.2022 31.03.2021
No.

I. EQUITY AND LIABILITIES


1. Shareholder’s Funds:
(a) Equity Share Capital 1 1,35,000 1,30,000
(b) Reserves & Surplus 2 22,000 4,000
2. Non-Current Liabilities
(a) 10% Debentures 25,000 21,000
3. Current Liabilities
(a) Trade Payables 12,500 8,500

TOTAL 1,94,500 1,63,500

II. ASSETS
1. Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 41,000 32,000
(Tangible Fixed Assets)
(ii) Intangible Assets (Goodwill) 8,000 10,500
(iii) Non Current Invesments 68,000 63,000
2. Current Assets:
(a) Current Investments 49,000 50,000
(b) Cash & Cash Equivalents 4,000 2,000
(c) Other Current Assets 24,500 6,000

TOTAL 1,94,500 1,63,500

Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021

1. Share Capital
Equity shares of Rs.10 each 1,35,000 1,30,000

2. Reserves & Surplus


General Reserve 11,000 10,000
Surplus i.e Balance in Statement of Profit & Loss 11,000 (6,000)

22,000 4,000

Additional Information:
(i) A Machine costing Rs.3,000(depreciation provided thereon Rs.400) was sold for Rs.2,800.
Depreciation charged during the year was Rs.4,400.
(ii) Debentures were issued on 1st April,2021.
(iii) Interim dividend of Rs.30,000 has been paid during the year.
Q3. From the following information of Ramesh Ltd. prepare Cash Flow Statement

Particulars Note 31.03.2022 31.03.2021


No.

II. EQUITY AND LIABILITIES


2. Shareholder’s Funds:
(a) Share Capital 3,20,000 2,40,000
(b) Reserves & Surplus 1 1,36,000 1,24,000
2. Non-current Liabilities
(a) Long-term Borrowings 2,00,000 1,20,000
(12% Debentures)
3. Current Liabilities
(a) Trade Payables 88,000 68,000
(b) Short-term Provisions 12,000 8,000
(Provision for Tax)
TOTAL 7,56,000 5,60,000

II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3,36,000 2,64,000
Machines
(ii) Intangible(Goodwill) 56,000 80,000
(b) Long-term Investment 64,000 24,000
2. Current Assets:
(a) Inventories 40,000 32,000
(b) Trade Receivables 1,56,000 64,000
(c) Cash & Cash Equivalents 1,04,000 96,000

TOTAL 7,56,000 5,60,000

Notes to Accounts:

Note No. Particulars 31.03.2022 31.03.2021

1. Reserves & Surplus


Reserves 80,000 72,000
Balance in Statement of Profit & Loss 56,000 52,000
Additional Information:
(i) Depreciation on Machinery Rs.48,000
(ii) Tax paid Rs.4,800.
(iii) 12% Debentures were issued on 31st March,2022.
Q4. From the following information of GPL Industries Ltd. prepare Cash Flow Statement
Particulars Note 31.03.2022 31.03.2021
No.

III. EQUITY AND LIABILITIES


1. Shareholder’s Funds:
(a) Equity Share Capital 12,00,000 8,00,000
(b) Reserves & Surplus 1 4,00,000 3,50,000
2. Non-Current Liabilities
(a) Long-term Borrowings 4,40,000 3,50,000
3. Current Liabilities
(a) Short-term Borrowings 30,000 45,000
(Bank Overdraft)
(b) Trade Payables 60,000 50,000
(c) Short term Provisions 2 84,000 60,000

TOTAL 22,14,000 16,55,000

II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 12,00,000 9,00,000
(Tangible Fixed Assets)
2. Current Assets:
(a) Current Investments 84,000 60,000
(Marketable)
(b) Inventories 2,00,000 1,00,000
(c) Trade Receivables 3,10,000 2,30,000
(d) Cash & Cash Equivalents 4,20,000 3,65,000

TOTAL 22,14,000 16,55,000

Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021

1. Reserves & Surplus


Surplus i.e Balance in Statement of Profit & Loss 3,50,000 3,10,000
General Reserve 50,000 40,000

4,00,000 3,50,000

2. Short term Provisions


Provision for tax 84,000 60,000
Additional Information:
(i) Depreciation charged on Tangible Fixed Assets was Rs.1,20,000
(ii) During the year, company paid interest Rs.36,000 on its long term borrowings.
Q5. From the following information of Sunshine Ltd. prepare Cash Flow Statement
Particulars Note 31.03.2022 31.03.2021
No.

IV. EQUITY AND LIABILITIES


1. Shareholder’s Funds:
(a) Share Capital 3,50,000 3,00,000
(b) Reserves & Surplus 1 57,000 38,000
2. Current Liabilities
(a) Trade Payables 53,000 35,000
(b) Other Current Liabilities 6,000 8,000
(c) Short term Provisions 2 32,000 28,000

TOTAL 4,98,000 4,09,000

II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3 2,48,000 2,00,000
(ii) Intangible Assets(Goodwill) 40,000 50,000
(b) Non-Current Investments 35,000 10,000
2. Current Assets:
(a) Inventories 39,000 57,000
(b) Trade Receivables 1,08,000 75,000
(c) Cash & Cash Equivalents 28,000 17,000

TOTAL 4,98,000 4,09,000

Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021

1. Reserves & Surplus


General Reserve 30,000 20,000
Surplus(Balance in Statement of Profit & Loss) 27,000 18,000

57,000 38,000
2. Short-term Provisions
Provision for Tax 32,000 28,000

3. Property, Plant & Equipment


Building 97,000 1,10,000
Plant & Machinery 1,51,000 90,000

2,48,000 2,00,000
Additional Information:
(i) Tax paid during the year Rs.16,000.
(ii) Depreciation on Plant & Machinery charged during the year Rs.9,000.

Q6. From the following information of Youth Ltd. prepare Cash Flow Statement [6m]
Particulars Note 31.03.2022 31.03.2021
No.

V. EQUITY AND LIABILITIES


1.Shareholder’s Funds:
(a) Share Capital 1 6,00,000 5,50,000
(b) Reserves & Surplus 2 1,28,000 70,000
2. Current Liabilities
(a) Trade Payables 1,22,000 88,000
(b) Short term Provisions 3 50,000 40,000

TOTAL 9,00,000 7,48,000

II. ASSETS
1.Non-current Assets:
(a) Property,Plant & Equipment
& Intangible assets
(i) Property, Plant & Equipment 3,70,000 2,80,000
(ii) Intangible Assets(Goodwill) 90,000 1,15,000
2. Current Assets:
(a) Current Investments 10,000 15,000
(b) Inventories 1,82,000 1,00,000
(c)Trade Receivables 1,57,000 1,57,000
(d) Cash & Cash Equivalents 91,000 81,000

TOTAL 9,00,000 7,48,000

Notes to Accounts:
Note No. Particulars 31.03.2022 31.03.2021

1. Share Capital
Equity Share Capital 5,00,000 4,00,000
Preference Share Capital 1,00,000 1,50,000

6,00,000 5,50,000

2. Reserves & Surplus


Securities Premium 10,000 ---
General Reserve 70,000 40,000
Surplus i.e Balance in Statement of Profit & Loss 48,000 30,000

1,28,000 70,000
3. Short term Provisions 50,000 40,000
Provision for tax
Additional Information:
(i) A Machine costing Rs.50,000(depreciation provided thereon Rs.30,000) was sold for
Rs.10,000. Depreciation charged during the year was Rs.20,000.
(ii) Income tax paid Rs.35,000

Q7. From the following information, calculate


(i) Current Ratio (ii) Net Profit Ratio (iii) Working Capital Turnover Ratio
Rs Rs
Revenue From Operations 25,20,000 Closing Inventory 8,00,000
Net Profit 3,60,000 Current Assets
(other than Inventory) 7,60,000
Cost of Revenue From
Operations 19,20,000 Property ,Plant and
Equipment 14,40,000
Long Term Debts 9,00,000 Current Liabilities 6,00,000
Trade Payables 2,00,000 Net Profit before interest
and tax 8,00,000

Q8. From the following information given below, calculate any three of the following ratios.
(i) Debt to Equity Ratio (ii) Proprietary Ratio (iii) Gross Profit Ratio
Revenue from operations Rs 5,00,000
Cost of Revenue from operations Rs 3,00,000
Current Assets Rs 2,00,000
Current Liability Rs 1,40,000
Paid up Share Capital Rs 2,50,000
13% Debentures Rs 1,00,000

Q9. Calculate the following ratios on the basis of the given information:
(a) Acid Test Ratio (b) Operating Ratio (c) Working Capital Turnover Ratio
Rs.
Current Assets 3,50,000
Current Liabilities 1,75,000
Inventory 1,50,000
Revenue from Operations 6,00,000
Operating Expenses 2,00,000
Cost of Revenue from Operations 3,00,000

Q10. On the basis of information given below, calculate


(i) Gross Profit Ratio (ii) Inventory Turnover Ratio (iii) Working Capital Turnover Ratio
Information: Revenue from Operations Rs. 7,87,500 ; Cost of Revenue from Operations
Rs. 3,95,600; Current Liabilities Rs. 2,37,000;Current Assets Rs. 3,99,000 and
Average Inventory Rs.1,97,800.
Q11. From the following information, calculate
(a) Current Ratio (b) Total Assets to Debt Ratio (c) Return on Investment
Rs.
Fixed Assets 75,00,000
Current Assets 40,00,000
Current Liabilities 27,00,000
12% Debentures 80,00,000
Net Profit before Interest, Tax 14,50,000
And Dividend

Q12. (a) From the following information, calculate


(i) Debt to Equity (ii) Working Capital Turnover Ratio
Rs Rs
Revenue From Operations:
Cash Sales 40,00,000 Paid up Share Capital 17,00,000
Credit Sales 20,00,000 6% Debentures 3,00,000
Cost of Goods sold 35,00,000 9% Loan from Bank 7,00,000
Other Current Asstes 8,00,000 Debenture Redemption
Reserve 3,00,000
Current Liabilities 4,00,000 Closing Inventory 1,00,000

(b) Net Profit before Interest & Tax Rs.2,50,000. Capital Employed Rs. 10,00,000. Calculate
Return on Investment.

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