Following are the Balance Sheets of Krishtec Ltd. as at 31st March, 2022 and 2021 Share Capital ₹ 12,00,000
Following are the Balance Sheets of Krishtec Ltd. as at 31st March, 2022 and 2021:
| Particulars | Note. No. | 31st March, 2022 | 31st March, 2021 |
| I. EQUITY AND LIABILITIES: | |||
|
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus (Profit & Loss Balance) |
12,00,000 3,50,000 |
8,00,000 4,00,000 |
|
|
(2) Non-Current Liabilities: Long-term Borrowings |
4,40,000 | 3,50,000 | |
| (3) Current Liabilities Trade Payables | 60,000 | 50,000 | |
| Total | 20,50,000 | 16,00,000 | |
| II. ASSETS: | |||
|
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery) |
12,00,000 | 9,00,000 | |
|
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents |
2,00,000 3,10,000 3,40,000 |
1,00,000 2,30,000 3,70,000 |
|
| Total | 20,50,000 | 16,00,000 |
Prepare a Cash Flow Statement after taking into account the following adjustments.
(a) The company paid interest ₹ 36,000 on its long-term borrowings.
(b) Depreciation charged on machinery was ₹ 1,20,000.
[Ans. Cash used in Operating Activities ₹ 64,000; Cash used in Investing Activities ₹ 4,20,000; Cash from Financing Activities ₹ 4,54,000.]
Anurag Pathak Changed status to publish 3 days ago
