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    Cash Flow Worksheet 3

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    motivationfreak0011

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    © All Rights Reserved
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    Cash Flow Worksheet 3

    Uploaded by

    motivationfreak0011
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    Download as docx, pdf, or txt
    4 views4 pages

    Cash Flow Worksheet 3

    Uploaded by

    motivationfreak0011

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Worksheets

    Illustration: 1
    Liabilities 1‐1‐05 31‐12‐05 Assets 1‐1‐05 31‐12‐05
    Creditors 36,000 41,000 Cash 4,000 3,600
    Loan from Partner ‐ 20,000 Debtor 35,000 38,400
    Loan from Bank 30,000 25,000 Stock 25,000 22,000
    Capital 1,48,000 1,49,000 Land 20,000 30,000
    Building 50,000 55,000
    Machinery 80,000 86,000
    2,14,000 2,35,000 2,14,000 2,35,000

    Following are the balance sheets of a Vijay & son:

    During the yearRs.26,000 paid as dividend. The provision made for depreciation against
    machinery as on 1.1.05 was Rs. 27,000 and on 31.12.05 Rs 36,000.
    Prepare a cash flow statement.

    Illustration:2
    Liabilities 2005 2006 Assets 2005 2006

    Share capital 4,50,000 4,50,000 Fixed asset 4,00,000 3,20,000


    General Reserve 3,00,000 3,10,000 Investment 50,000 60,000
    P & l a/c 56,000 68,000 Stock 2,40,000 2,10,000
    Creditors 1,68,000 1,34,000 Debtor 2,10,000 4,55,000
    Tax provision 75,000 10,000 Bank 1,49,000 1,97,000
    Mortgage loan ‐ 2,70,000

    10,49,000 12,42,000 10,49,000 12,42,000


    The summarized balance sheet of Bhadresh Ltd. as on31.12.05 and 31.12.2006 areas follow:
    Additional Details:
    1. Investment costing Rs.8,000 were sold for Rs.8,500
    2. Tax provision made during the year wasRs.9,000
    3. During the year part of fixed assets costing Rs 10,000 was sold for Rs 12,000 and the profit was
    included in P & L A/c. You are required to prepare cash flow statement for 2006.

    Illustration- 3
    From the following information , prepare cash flow statement:
    Balance‐Sheet
    Liabilities 1‐1‐2012 31‐12‐2012 Assets 1‐1‐2012 31‐12‐2012
    ShareCapital 2,00,000 2,00,000 Cash 8,000 10,000
    Profit&Loss 50,000 90,000 Bank 22,000 20,000
    BankLoan 10,000 ‐ Debtors 10,000 20,000
    Outstanding 5,000 1,000 Stock 25,000 15,000
    Expenses
    Creditors 15,000 20,000 Non‐current 2,35,000 2,75,000
    asset
    Provisionfortax 20,000 25,000
    UnclaimedDividend ‐ 4,000
    3,00,000 3,40,000 3,00,000 3,40,000
    Net profit for the year 2012 after providing Rs.20,000 as depreciation was Rs. 60,000. During
    2012, company declared equity dividend @ 10% and paid Rs. 15,000 as Income ‐ tax.

    Illustration‐ 4
    From the following Balance‐Sheet prepare cash flow statement for the year
    2012.
    Liabilities 1‐1‐2012 31‐12‐2012 Assets 1‐1‐2012 31‐12‐2012
    ShareCapital 1,25,000 1,53,000 Cash 10,000 7,000
    Creditors 40,000 44,000 Debtors 30,000 50,000
    LoanfromX 25,000 ‐ Stock 40,000 25,000
    Loanfrombank 40,000 50,000 Machinery 80,000 55,000
    Land 35,000 50,000
    Building 35,000 60,000
    2,30,000 2,47,000 2,30,000 2,47,000
    During the year a machine costing Rs. 10,000 with accumulated depreciation Rs. 3,000 was
    sold for Rs. 5,000.

    Illustration- 5
    Following the balance sheets of Mumbai Spinning Mills Ltd. :

    Particulars Note 31-3-2018 31-3-2017


    No.

    I. EQUITY AND LIABILITIES :


    (1) Share holder’s Funds:
    (a) Share Capital 5,00,000 4,00,000
    (b) Reserve & Surplus 3,05,000 2,10,000
    (2) Current Liabilities:
    Trade Payables 95,000 80,000
    (3) Non Current Liabilities
    Long term Borrowing 3,10,000 3,00,000
    --------------- ---------------
    12,10,000 9,90,000
    Total ---------------- ---------------

    II. ASSETS:
    (1) Non-Current Assets:
    (a) fixed Assets 7,00,000 5,00,000
    (b) Non Current Investment 56,000 70,000

    (2) Current Assets:


    (a) Inventory 2,80,000 2,10,000
    (b) Trade Receivables 1,14,000 1,40,000
    (c) Cash & Bank Balances 60,000 70,000

    --------------- ----------------
    Total 12,10,000 9,90,000
    --------------- ----------------

    Notes:
    (1) Reserve & Surplus: 31-3-2018 31-3-2017
    Profit & Loss Balance 1,15,000 1,00,000
    General Reserve 1,90,000 1,10,000
    --------------- ----------------
    3,05,000 1,00,000
    ---------------- ---------------
    (2) Long term Borrowings:
    12% Debentures 1,50,000 2,00,000
    Bank Loan 1,60,000 1,00,000
    ------------- ------------
    3,10,000 3,00,000
    ------------- -------------
    Total Interest paid during the year amounted to Rs. 37,800.

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