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Dr. Vinod Kumar is a great name in the field of Accountancy.
He is author of very popular book Ultimate Book of Accountancy class 12th and 11th.
1.
Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Libra Ltd. as at 31.3.2013 and 31.3.2012 :
Note
No.
Particulars
2013
2012
8,00,000
4,00,000
6,00,000
3,00,000
2. Non-current Liabilities
Long Term Borrowings
1,00,000
1,50,000
40,000
13,40,000
48,000
10,98,000
8,50,000
2,32,000
5,60,000
1,60,000
50,000
76,000
38,000
94,000
1,34,000
82,000
92,000
70,000
13,40,000
10,98,000
3. Current Liabilities
(a) Trade Payables
Total
II
ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments
2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
Total
Notes to Accounts
Note - 1
[6]
Particulars
2013
2012
4,00,000
3,00,000
Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Libra Ltd. as at 31.3.2013 and 31.3.2012 :
Note
No.
Particulars
2013
[6]
2012
2,10,000
1,32,000
1,80,000
24,000
2. Non-current Liabilities
Long Term Borrowings
1,50,000
1,50,000
75,000
5,67,000
27,000
3,81,000
ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments
2,94,000
48,000
2,52,000
18,000
2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
54,000
1,07,000
40,000
24,000
60,000
24,000
17,500
9,500
5,67,000
3,81,000
3. Current Liabilities
Trade Payables
Total
II
Total
Notes to Accounts
Note - 1
Particulars
1 Reserves and Surplus
Surplus (Balanace in Statement of P/L)
2013
2012
1,32,000
24,000
Prepare a Cash Flow Statement on the basis of the information given in the Balance
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Particulars
2013
2012
2,00,000
90,000
1,50,000
75,000
2. Non-current Liabilities
Long Term Borrowings
87,500
87,500
10,000
3,87,500
76,000
3,88,500
1,87,500
1,05,500
1,40,000
1,02,500
12,500
4,000
9,500
68,500
33,500
5,500
23,000
84,000
3,87,500
3,88,500
3. Current Liabilities
Trade Payables
Total
II
ASSETS
1. Non-current Assets
(a) Fixed Assets:
(i)
Tangible Assets
(b) Non-current Investments
2. Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
Total
Notes to Accounts
Note - 1
Particulars
1 Reserves and Surplus
Surplus (Balanace in Statement of P/L)
2013
2012
90,000
75,000
4.
Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars
2011-12
2010-11
I. Equity and Liabilities
(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(Statement of P/L)
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables
Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents
Total
7,00,000
2,00,000
6,00,000
1,10,000
3,00,000
2,00,000
30,000
12,30,000
25,000
9,35,000
11,00,000
8,00,000
70,000
32,000
28,000
60,000
40,000
35,000
12,30,000
9,35,000
[6]
Adjustments:
During the year a piece of Machinery of the book value of Rs.80,000 was sold for
Rs.65,000. Depreciation provided on tangible assets during the year amounted to
Rs.2,00,000. Prepare a Cash Flow Statement.
5.
Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars
I. Equity and Liabilities
(1) Shareholders Funds :
(a) Share Capital
(b) Reserves & Surplus
(Statement of P/L)
(2) Non-current Liabilities:
Long term borrowings
(3) Current Liabilities:
Trade Payables
Total
2011-12
2010-11
12,00,000
3,50,000
8,00,000
4,00,000
4,40,000
3,50,000
60,000
20,50,000
50,000
16,00,000
[6]
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(2) Current Assets:
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents
Total
12,00,000
9,00,000
2,00,000
3,10,000
3,40,000
1,00,000
2,30,000
3,70,000
20,50,000
16,00,000
Prepare a Cash Flow Statement after taking into account the following adjustment:
(a) The Company paid interest Rs.36,000 on its long term borrowings.
(b) Depreciation charged on tangible fixed assets was Rs.1,20,000.
6.
Following are the Balance Sheets of Krishtec Limited for the year ended 31st March 2011 and
2012:
Particulars
2011-12
Total
2010-11
20,00,000
3,00,000
17,00,000
4,00,000
3,00,000
2,00,000
50,000
26,50,000
25,000
23,25,000
8,00,000
5,00,000
3,00,000
9,00,000
2,00,000
4,00,000
4,00,000
1,50,000
5,00,000
5,00,000
1,25,000
2,00,000
26,50,000
23,25,000
Additional Information:
Depreciation on Tangible Assets was charged Rs.1,00,000 during the year.
[6]
7.
Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Vinod Limited as at 31.3.2012 and 2011:
Note
No.
Particulars
2011-12
70,000
44,000
60,000
8,000
50,000
42,000
25,000
1,89,000
17,000
1,27,000
82,000
16,000
16,000
64,000
20,000
6,000
18,000
49,000
8,000
20,000
12,000
5,000
1,89,000
1,27,000
Total
II. Assets
(1) Non-current Assets:
(a) Fixed Assets:
(i) Tangible Assets
(ii) Intangible Assets
(b) Non-current Investments
(2) Current Assets:
(a) Current Investments (Marketable)
(b) Inventories
(c) Cash and Cash Equivalents
Total
Notes to Accounts
Particulars
2010-11
2012
2011
30,000
14,000
20,000
(12,000)
50,000
42,000
3. Intangible Assets
Goodwill
16,000
20,000
Additional information:
(i)
Depreciation provided on Tangible Assets (Machinery) during the year
Rs.8,000.
(ii) Interest paid on Debentures Rs.4,200
(iii) Interest received on Non-current Investment Rs.600
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Portal for CBSE Notes, Test Papers, Sample Papers, Tips and Tricks
[6]
8.
Prepare a Cash Flow Statement on the basis of the information given in the Balance
Sheet of Vinod Limited as at 31.3.2012 and 2011:
Note
No.
Particulars
Total
Notes to Accounts:
Particulars
2011-12
2010-11
14,00,000
5,00,000
10,00,000
4,00,000
6,00,000
2,00,000
80,000
25,80,000
60,000
16,60,000
2
3
16,00,000
1,40,000
9,00,000
2,00,000
2,50,000
5,00,000
90,000
2,00,000
3,00,000
60,000
25,80,000
1,27,000
2012
2011
80,000
60,000
16,00,000
9,00,000
1,40,000
2,00,000
3. Intangible Assets
Goodwill
Additional information:
(i)
Depreciation provided on Tangible Assets (Machinery) during the year
Rs. 2,00,000.
(ii) Interest paid on Deposits (Long term borrowings) Rs.45,000
(iii) The net profit earned during the year before tax Rs.1,00,000
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