Following are the Balance Sheets of Rashi Ltd. as at 31st March 2023 and 31st March 2022 Share Capital ₹ 12,00,000
Following are the Balance Sheets of Rashi Ltd. as at 31st March 2023 and 31st March 2022:
| Particulars | Note. No. | 31st March, 2023 | 31st March, 2022 |
| I. EQUITY AND LIABILITIES: | |||
|
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus |
12,00,000 (1,70,000) |
8,00,000 (2,15,000) |
|
|
(2) Non-Current Liabilities: Long-term Borrowings |
3,00,000 | 2,50,000 | |
|
(3) Current Liabilities (a) Trade Payables |
1,90,000 | 2,70,000 | |
| Total | 15,20,000 | 11,05,000 | |
| II. ASSETS: | |||
|
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Plant & Machinery) |
6,90,000 1,20,000 |
5,00,000 2,00,000 |
|
|
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents |
4,60,000 1,80,000 70,000 |
2,80,000 65,000 60,000 |
|
| Total | 15,20,000 | 11,05,000 |
Notes to Accounts:-
| 31st March, 2023 | 31st March, 2022 | |
|
(1) Reserve & Surplus: Profit & Loss Balance |
(1,70,000) | (2,15,000) |
|
(2) Long-term Borrowings: 12% Public Deposits |
3,00,000 | 2,50,000 |
|
(3) Trade Receivables: Sundry Debtors Bills Receivables |
1,80,000 — |
50,000 15,000 |
| 1,80,000 | 65,000 |
Additional Information:
(i) New public deposits were accepted on 1st January, 2023.
(ii) Machinery costing ₹ 2,00,000 on which depreciation charged was ₹ 70,000 was sold for ₹ 1,50,000.
(iii) New machinery purchased during the year amounted to ₹ 4,00,000.
(iv) Non-Current investments were sold at a profit of 25%. Prepare Cash Flow Statement.
[Ans. Cash used in operating activities ₹ 2,58,500; Cash used in investing activities ₹ 1,50,000; and Cash from financing activities ₹ 4,18,500.]
Anurag Pathak Answered question 3 days ago
