Calculate ‘Cash Flows from Investing Activities’ and ‘Cash Flows from Financing Activities’ for the year ended 31st March, 2021 from the following balance Sheet of Kamna Ltd. as at 31st March, 2021 showing your workings clearly
Calculate ‘Cash Flows from Investing Activities’ and ‘Cash Flows from Financing Activities’ for the year ended 31st March, 2021 from the following balance Sheet of Kamna Ltd. as at 31st March, 2021 showing your workings clearly:
kamna Ltd.
Balance Sheet as at 31st March, 2021
Particulars
31.03.2021
31.03.2020
I. EQUITY AND LIABILITIES:
(1) Shareholder’s Funds:
(a) Share capital
(b) Reserves & Surplus
12,00,000
3,00,000
11,00,000
2,00,000
(2) Non-Current Liabilities:
Long-term Borrowings
2,40,000
1,70,000
(3) Current Liabilities
(a) Trade Payables
2,20,000
2,81,000
Total
19,60,000
17,51,000
II. Assets:
(1) Non-Current Assets:
Property, Plant and Equipment and Intangible Assets:
(i) Property, Plant and Equipment
(ii) Intangible Assets
10,70,000
40,000
8,50,000
1,12,000
(2) Current Assets:
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
2,40,000
1,20,000
1,70,000
3,20,000
1,50,000
1,21,000
1,43,000
3,75,000
Total
19,60,000
17,51,000
Notes:-
Note. No.
Particulars
31.3.2021
31.3.2020
1.
Reserves and Surplus
Surplus i.e., Balance in the statement of Profit and Loss
3,00,000
2,00,000
2.
Property, Plant and Equipment
Machinery
Accumulated Depreciation
12,70,000
(2,00,000)
10,00,000
(1,50,000)
10,70,000
8,50,000
3.
Intangible Assets:
Goodwill
40,000
1,12,000
Additional Information:
A piece of Machinery costing ₹ 24,000 on which accumulated depreciation was ₹ 16,000, was sold for ₹ 6,000.
[Ans. (i) Cash used in Investing Activities ₹ 2,88,000.
(ii) Cash flow from Financing Activities ₹ 1,70,000.]
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