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CFS 24-26 Batch

The document contains multiple cash flow statements and balance sheets for various companies as of specific dates, detailing their assets and liabilities. It includes additional information necessary for preparing cash flow statements, such as depreciation, dividends, and tax provisions. The companies involved are Bhadresh Ltd., Krishna Ltd., and Tirupati Industries, each with specific financial figures and adjustments for the year.

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25 views2 pages

CFS 24-26 Batch

The document contains multiple cash flow statements and balance sheets for various companies as of specific dates, detailing their assets and liabilities. It includes additional information necessary for preparing cash flow statements, such as depreciation, dividends, and tax provisions. The companies involved are Bhadresh Ltd., Krishna Ltd., and Tirupati Industries, each with specific financial figures and adjustments for the year.

Uploaded by

adisontakke_31792263
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Cash Flow Statement

Q.1) The summarized balance sheet of Bhadresh Ltd. as on 31.12.23 and 31.12.2024 are as
Liabilities 2023 2024 Assets 2023 2024

Share capital 4,50,000 4,50,000 Fixed asset 4,00,000 3,20,000


General Reserve 3,00,000 3,10,000 Investment 50,000 60,000
P & L a/c 56,000 68,000 Stock 2,40,000 2,10,000
Creditors 1,68,000 1,34,000 Debtor 2,10,000 4,55,000
Tax provision 75,000 10,000 Bank 1,49,000 1,97,000
Mortgage loan ‐ 2,70,000

10,49,000 12,42,000 10,49,000 12,42,000

Additional Details:
1. Investment costing Rs. 8,000 were sold for Rs. 8,500
2. Tax provision made during the year was Rs. 9,000
3. During the year part of fixed assets costing Rs 10,000 was sold for Rs 12,000 and the
profit was included in P & L A/c. You are required to prepare cash flow statement for
2024.

Q.2) Prepare Cash flow statement from the following information

Balance Sheet
Liabilities 1‐4‐2023 31‐03‐2024 Assets 1‐4‐2023 31‐03‐2024
Share Capital 2,00,000 2,00,000 Cash 8,000 10,000
Profit & Loss 50,000 90,000 Bank 22,000 20,000
Bank Loan 10,000 ‐ Debtors 10,000 20,000
Outstanding 5,000 1,000 Stock 25,000 15,000
Expenses
Creditors 15,000 20,000 Non‐ current 2,35,000 2,75,000
asset
Provision for tax 20,000 25,000
Unclaimed Dividend ‐ 4,000
3,00,000 3,40,000 3,00,000 3,40,000
1) Rs.20,000 was provided as depreciation.
2) During the year, company declared equity dividend @ 10% and paid Rs. 15,000 as Income‐
tax.
Q.3) Krishna Ltd. provides you with the following Balance Sheets @ 31st March for preparing CFS.

Liabilities 2023 2024 Assets 2023 2024


Share Capital Fixed Assets
Equity Share Capital 145000 180000 Machinery 135000 180000

Reserves and Surplus Investments Nil Nil


General Reserve 45000 60000
P & L A/C 45000 80000 Current Assets
Debtors 75000 80000
Long-term Borrowing Stock 55000 60000
12% Debenture 49500 Nil Cash & Bank 30000 34000

Current Liabilities Fictitious Assets


Proposed dividend 16500 34000 Debenture Issue exp 6000 Nil
301000 354000 301000 354000

Assume that the company provided depreciation @ 10% on the opening balance of fixed assets during
the year.

Q.4) Tirupati Industries provides the following Balance Sheet records as on 31st March for
preparing CFS.

Liabilities 2023 2024 Assets 2023 2024


Share Capital Fixed Assets
Equity Share Capital 250000 261000 Premises 250000 237500
Machinery 187500 211250
Reserves and Surplus Equipment 22500 20250
General Reserve 62500 75000 Goodwill 6250 Nil
P & L A/C 38125 38250
Investments 25000 10000
Long-term Borrowings
11% Bank Loan 112500 77500 Current Assets
Stock 50000 37000
Current Liabilities Trade receivables 100000 80000
Trade payables 137500 115625 Cash 1500 3500
Provision for Tax 42125 38125 Bank Nil 5000

Fictitious Assets
Share Issue Expenses Nil 1000
642750 605500 642750 605500

Other information:
a) Interim dividend of Rs.12000 was paid during the year
b) Premises depreciated @ 6% pa
c) Machinery of Rs.35000 was acquired during the year.
d) Income tax provision for the year was Rs.40000.

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