Following are the Balance Sheets of Quick Gains Ltd Share Capital ₹ 2,00,000 Reserve and Surplus ₹ 1,25,000
Following are the Balance Sheets of Quick Gains Ltd:-
| Particulars | Note. No. | 31st March, 2022 | 31st March, 2021 |
| I. EQUITY AND LIABILITIES: | |||
|
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus |
2,00,000 1,25,000 |
2,00,000 20,000 |
|
|
(2) Non-Current Liabilities: Long-term Borrowings |
75,000 | 50,000 | |
|
(3) Current Liabilities (a) Trade Payables (b) Short-term Provisions (Provision for Tax) |
64,000 15,000 |
90,000 10,000 |
|
| Total | 4,79,000 | 3,70,000 | |
| II. ASSETS: | |||
|
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery) |
3,23,000 | 1,84,000 | |
|
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents (d) Other Current Assets |
72,000 51,000 33,000 |
50,000 75,000 59,000 2,000 |
|
| Total | 4,79,000 | 3,70,000 |
Notes to Accounts:
| 31.3.2022 (₹) | 31.3.2021 (₹) | |
|
(i) Property, Plant and Equipment: Machinery : Less: Accumulated Depreciation |
3,75,000 52,000 |
2,20,000 36,000 |
| 3,23,000 | 1,84,000 | |
|
(2) Other Current Assets: Prepaid Expenses |
—- | 2,000 |
(1)
| 31.3. 2022 (₹) | 31.3. 2021 (₹) | |
| Contingent Liability Proposed Dividend |
28,000 | 20,000 |
(2) Interest paid on long-term borrowings amounted to ₹ 8,000.
You are required to prepare a Cash-Flow Statement.
[Ans. Cash from operating activities ₹ 1,32,000; Cash used in Investing Activities ₹ 1,55,000; and Cash used in financing activities ₹ 3,000.]
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