|
Answer» Prepare Cash Flow Statement from the following:
STATEMENT OF PROFIT AND LOSS
for the year ended 31st March, 2019 |
Particulars ulars
|
Note No.
|
(₹)
|
I. Revenue from Operations (Net Sales)
|
|
36,00,000 |
II. Expenses; |
|
|
Purchases of Stock-in-Trade
|
|
28,16,000 |
Change in Inventories of Stock-in-Trade
|
|
(65,000) |
Finance Costs
|
|
15,000 |
Depreciation and Amortisation Expenses
|
|
80,000 |
Other Expenses
|
|
5,34,000 |
Total
|
|
33,80,000 |
III. Profit before Tax (I − II) |
|
2,20,000 |
IV. Less: Provision for Tax
|
|
40,000 |
V. Profit after Tax (III − IV)
|
|
1,80,000 |
|
|
|
BALANCE SHEET
as at 31st March, 2019 |
Particulars ulars
|
Note No. |
31st March, 2019
(₹)
|
31st March, 2018
(₹)
|
I. EQUITY AND LIABILITIES |
|
|
|
1. Shareholders' Funds
|
|
|
|
(a) Share Capital
|
|
6,00,000 |
5,00,000 |
(b) Reserves and Surplus
|
1 |
3,00,000 |
1,20,000 |
2. Non-Current Liabilities
|
|
|
|
Long-term Loan
|
|
1,20,000 |
1,50,000 |
3. Current Liabilities
|
|
|
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(a) Short-term Borrowings: Bank Overdraft
|
|
13,000 |
... |
(b) Trade Payables (Creditors)
|
|
2,85,000 |
2,38,000 |
(c) Short-term Provision: Provision form Tax
|
|
44,000 |
30,000 |
Total Total Expenses
|
|
13,62,000 |
10,38,000 |
II. ASSETS |
|
|
|
1. Non-Current Assets
|
|
|
|
Fixed Assets
|
|
6,20,000 |
4,00,000 |
2. Current Assets
|
|
|
|
(a) Short-term Investments (Marketable Security)
|
|
34,000 |
20,000 |
(b) Inventories
|
|
3,28,000 |
2,63,000 |
(c) Trade Receivables
|
|
3,48,000 |
3,10,000 |
(d) Cash and Cash Equivalents
|
2 |
32,000 |
45,000 |
Total
|
|
13,62,000 |
10,38,000 |
|
|
|
|
Notes to Accounts
Particulars
|
31st March, 2019
(₹)
|
31st March, 2018
(₹)
|
1. Reserves and Surplus |
|
|
Surplus, i.e., Balance in Statement of Profit and Loss
|
3,00,000 |
1,20,000 |
2. Cash and Cash Equivalents |
|
|
Cash in Hand
|
32,000 |
17,000 |
Cash at Bank
|
... |
28,000 |
|
32,000 |
45,000 |
|
|
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