The Balance Sheets of X Ltd. as at 31st March, 2022 and 31st March 2021 were as follows Share Capital ₹ 14,00,000 Reserve and Surplus ₹ 7,40,000
The Balance Sheets of X Ltd. as at 31st March, 2022 and 31st March 2021 were as follows:
| Particulars | Note. No. | 31st March, 2022 | 31st March, 2021 |
| I. EQUITY AND LIABILITIES: | |||
|
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus |
14,00,000 7,40,000 |
12,00,000 5,80,000 |
|
|
(3) Current Liabilities (a) Trade Payables |
2,72,000 | 2,10,000 | |
| Total | 24,12,000 | 19,90,000 | |
| II. ASSETS: | |||
|
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Plant & Machinery) |
12,00,000 | 8,00,000 | |
|
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents |
3,10,000 5,80,000 3,22,000 |
2,00,000 5,00,000 4,90,000 |
|
| Total | 24,12,000 | 19,90,000 |
Notes to Accounts:-
| 31.3. 2022 | 31.3. 2021 | |
|
(1) Reserve & Surplus General Reserve Profit & Loss Balance |
4,50,000 2,90,000 |
4,00,000 1,80,000 |
| 7,40,000 | 5,80,000 |
Additional information:-
| 31.3. 2022 | 31.3. 2021 | |
|
(i) Contingent Liability: Proposed Dividend |
72,000 | 60,000 |
(ii) Depreciation charged during the year on Plant & Machinery amounted to ₹ 80,000.
(iii) Machinery costing ₹ 80,000 (book value ₹ 30,000) was sold at a loss of 40% on book value.
Prepare Cash Flow Statement.
[Ans. Cash from operating activities ₹ 1,84,000; Cash used in investing activities ₹ 4,92,000; and Cash from financing activities ₹ 1,40,000.]
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