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9. From the following Balance Sheets and information of Volvo Ltd. Prepare Cash Flow Statement: Particulars Note No. 31st March, 2017(`) 31st March, 2016(`) I. EQUITY AND LIABILITIES 1. Shareholders’ Funds (a) Share Capital 1 2,25,000 2,50,000 (b) Reserves and Surplus 2 1,27,500 50,000 2. Non – Current Liabilities Long – term Borrowings 1,00,000 50,000 3. Current Liabilities (a) Trade Payables 72,500 35,000 (b) Short-term Provisions (Proposed Dividend on Preference Shares) 6,000 12,000 (c) Other Current Liabilities – Premium on Redemption of Debentures 2,500 5,000 Total 5,33,500 4,02,000 II. ASSETS 1. Non – Current Assets (a) Fixed Assets – Tangible Assets 3,10,000 2,55,000 (b) 10% Investments 40,000 15,000 CBSE XII |ACCOUNTANCY MOST IMPORTANT QUESTIONS www.topperlearning.com 13 2. Current Assets (a) Current Investments 5,000 4,000 (b) Inventories 45,000 50,000 (c) Trade Receivables 3 92,500 45,000 (d) Cash and Cash Equivalents 4 41,000 33,000 Total 5,33,500 4,02,000 Notes to Accounts Particulars 31st March, 2017(`) 31st March, 2016(`) 1. Share Capital -----Equity Share Capital 1,75,000 1,50,000 -----12% Preference Share Capital 50,000 1,00,000 2,25,000 2,50,000 2. Reserves and Surplus ----General Reserve 10,000 15,000 ----Surplus, i.e., Balance in Statement of Profit and Loss 1,17,500 35,000 1,27,500 50,000 3. Trade Receivables ----Sundry Debtors 1,00,000 50,000 ----Less: Provision for Doubtful Debts 7,500 5,000 92,500 45,000 4. Cash and Cash Equivalents Cash in Hand 12,500 6,000 Cash at Bank 28,500 27,000 41,000 33,000 Additional Information: (i) A machine with a book value of `20,000 was sold for `12,500; (ii) Depreciation charge during the year was `35,000; (iii) Preference shares were redeemed on 31st March, 2017 at a premium of 5% (iv) An interim dividend of `5,000 was paid on equity shares on 31st march, 2017 out of General Reserve; (v) Fresh equity shares were issued on 31st March, 2017; and (vi) Additional investments were purchased on 31st march 2017.
Asked by rks13731056pk | 19 Feb, 2019, 12:17: AM
answered-by-expert Expert Answer
We appreciate your query. For solution, workings and detailed steps for solving such comprehensive cash flow probems, you can refer our website on the below mentioned link:
https://www.topperlearning.com/study/cbse/class-12-commerce/accountancy/text-book-solutions/t-s-grewal-part-b/540/cash-flow-statements/2457/b101c504s549e9
Answered by Surabhi Gawade | 19 Feb, 2019, 09:26: AM

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