Following is the Balance Sheet of R.S. Ltd as at 31st March, 2016 :
R.S. Ltd. Balance Sheet as at 31-3-2016
| Particulars | Note No. | 31.3.2016 (₹) |
31.3.2015 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITIES: | |||
| 1. Shareholder’s Fund: | |||
| a. Share Capital | 9,00,000 | 7,00,000 | |
| b. Reserve and Surplus | 1 | 2,50,000 | 1,00,000 |
| 2. Non-Current Liabilities: | |||
| Long Term Borrowing | 2 | 4,50,000 | 3,50,000 |
| 3. Current Liabilities: | |||
| a. Short term borrowings | 3 | 1,50,000 | 75,000 |
| b. Short term Provisions | 4 | 2,00,000 | 1,25,000 |
| TOTAL | 19,50,000 | 13,50,000 | |
| II. ASSETS : | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 5 | 14,65,000 | 9,15,000 |
| ii. Intangible Assets | 6 | 1,00,000 | 1,50,000 |
| b. Non-current Investments | 1,50,000 | 1,00,000 | |
| 2. Current Assets: | |||
| a. Current Investments | 40,000 | 70,000 | |
| b. Inventory | 7 | 1,22,000 | 72,000 |
| c. Cash and Cash Equivalents | 73,000 | 43,000 | |
| TOTAL | 19,50,000 | 13,50,000 |
Notes to Accounts
| Note Number | Particulars | 31.3.2016 (₹) |
31.3.2015 (₹) |
|---|---|---|---|
| 1 | Reserves and Surplus | ||
| Surplus (Balance in Statement of Profit & Loss) | 2,50,000 | 1,00,000 | |
| 2 | Long Term Borrowings | ||
| 12% Debentures | 4,50,000 | 3,50,000 | |
| 3 | Short-term Borrowings | ||
| Bank overdraft | 1,50,000 | 75,000 | |
| 4 | Short-term Provisions | ||
| Provision for taxation | 2,00,000 | 1,25,000 | |
| 5 | Tangible Assets: | ||
| Machinery | 16,75,000 | 10,55,000 | |
| Accumulated depreciation | (2,10,000) | (1,40,000) | |
| 6 | Intangible Assets: | ||
| Goodwill | 1,00,000 | 1,50,000 | |
| 7 | Inventories | ||
| Stock in trade | 1,22,000 | 72,000 |
Additional Information:
(1) Rs. 1,00,000, 12% Debentures were issued on 31-3-2016.
(2) During the year a piece of machinery costing Rs. 80,000, on which accumulated depreciation was Rs. 40,000, was sold at a loss of Rs. 10,000.
Prepare a Cash Flow Statement.
Marks-6, CBSE:2016-17/Main-DL/Q-23