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CBSE CLASS XII
Q. 93. The following are the summarized Balance Sheet of XYZ as on 31st March,2007 and 2008.
| Liabilities | As on 31st March 2007 Rs. | As on 31s March 2008 Rs. | Assets | As on 31st March 2007 Rs. | As on 31st March 2008 Rs |
| Share Capital | 17,00,000 | 18,35,000 | Goodwill | 3,00,000 | 3,43,700 |
| Reserve | 40,000 | 83,700 | Buildings | 8,00,000 | 10,00,000 |
| Profit & Loss | 1,00,000 | 1,30,000 | Plant & Machinery Fixtures & | 2,50,000 | 3,70,000 |
| Account | Fittings | 5,000 | 6,000 | ||
| Loan on Mortgage | 10,000 | 70,000 | Investments | 1,64,000 | 1,70,000 |
| Creditors | 1,00,000 | 95,000 | Cash | 2,000 | 2,200 |
| Bank Overdraft | 8,000 | 18,000 | Debtors | 1,00,000 | 45,000 |
| Bills Payable | 14,000 | 13,000 | Stock | 4,00,000 | 3,43,700 |
| Proposed dividends | 70,000 | 50,000 | Prepaid Expenses | 11,000 | 12,100 |
| Preliminary | |||||
| Expense | 10,000 | 2,000 | |||
| 20,42,000 | 22,94,700 | 20,42,000 | 22,94,700 |
Additional Information:
(i) Depreciation is charged on buildings at 3% of cost Rs.9,00,000, on plant and machinery at 8% of cost Rs.4,00,000, on fixtures and fittings at 5% of cost Rs.80,000.
(ii) Investments were purchased and interest received that is Rs.3,000 was used in writing down te book value of investments.
(iii) The declared dividend for 2006-07 was paid and the interim dividend of Rs.20,000 paid out of the Profit & Loss Appropriation Account. You are required to prepare the Cash Flow statement.
Q. 94. From the following Balance Sheet of X ltd., prepare the Cash Flow Statement.
| Liabilities | 31st March 2008 Rs. | 31st March 2007 Rs. | Assets | 31st March 2008 Rs. | 31st March 2007 Rs. |
| Equity Share Capital | 1,80,000 | 1,55,000 | Fixed Assets | 1,80,000 | 1,82,000 |
| 12% pref. Share Capital | 20,000 | 25,000 | Less:Accumulated | 30,000 | 22,000 |
| General Reserve | 4,000 | 4,000 | Depreciation | 1,50,000 | 1,60,000 |
| Profit & Loss A/c | 2,400 | 2,000 | |||
| 10% Debentures | 14,000 | 12,000 | Debtors | 48,000 | 40,000 |
| Creditors | 22,000 | 24,000 | Stock | 70,000 | 60,000 |
| Provision for Tax | 8,400 | 6,000 | Prepaid Expenses | 1,000 | 600 |
| Proposed Dividend | 11,600 | 10,000 | Cash in hand | 7,000 | 2,400 |
| Bank Overdraft | 13,600 | 25,000 | |||
| 2,76,000 | 2,63,000 | 2,76,000 | 2,63,000 |
Additional Information:
- Fixed assets sold for Rs.10,000, their cost Rs.20,000 and accumulated depreciation till date of sale of them Rs.6,000.
- The interim dividend during the year Rs.9,000.
- Tax paid Rs.7,000
Paper By Mr. Rahul Kadd
Email Id : [email protected]
Phone No. : 9212197510
Oscar Academy- BN - 4 (East),
Shalimar Bagh, Delhi-88
