Following is the Balance Sheet of X Ltd. as at 31st March, 2018:
X Ltd.
Balance Sheet as at 31st March, 2018
| Particulars | Note No. | 31.3.2018 (₹) |
31.3.2017 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITIES: | |||
| 1. Shareholder’s Fund: | |||
| a. Share Capital | 19,00,000 | 17,00,000 | |
| b. Reserve and Surplus | 1 | 6,00,000 | 3,00,000 |
| 2. Non-Current Liabilities: | |||
| Long Term Borrowing | 2 | 5,00,000 | 4,00,000 |
| 3. Current Liabilities: | |||
| a. Short Term Borrowings | 3 | 1,70,000 | 1,75,000 |
| b. Short term Provisions | 4 | 2,00,000 | 1,65,000 |
| TOTAL | 33,70,000 | 27,40,000 | |
| II. ASSETS : | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 5 | 24,00,000 | 19,00,000 |
| ii. Intangible Assets | 6 | 2,00,000 | 3,00,000 |
| b. Non-current Investments | 3,00,000 | 2,00,000 | |
| 2. Current Assets: | |||
| a. Current Investments | 1,40,000 | 1,70,000 | |
| b. Inventories | 2,60,000 | 1,30,000 | |
| c. Cash and Cash Equivalents | 70,000 | 40,000 | |
| TOTAL | 33,70,000 | 27,40,000 |
Notes to Accounts
| Note Number | Particulars | 31.3.2018 (₹) |
31.3.2017 (₹) |
|---|---|---|---|
| 1 | Reserves and Surplus | ||
| Surplus (Balance in Statement of Profit & Loss) | 6,00,000 | 3,00,000 | |
| 2 | Long Term Borrowings | ||
| 12% Debentures | 5,00,000 | 4,00,000 | |
| 3 | Short Term Borrowings | ||
| Bank Overdraft | 1,70,000 | 1,75,000 | |
| 4 | Short-term Provisions | ||
| Provision for Tax | 2,00,000 | 1,65,000 | |
| 5 | Tangible Assets: | ||
| Machinery | 26,00,000 | 20,00,000 | |
| Accumulated depreciation | (2,00,000) | (1,00,000) | |
| 24,00,000 | 19,00,000 | ||
| 6 | Intangible Assets: | ||
| Goodwill | 2,00,000 | 3,00,000 |
Additional Information:
(i) Rs. 1,00,000, 12% Debentures were issued on 1 April, 2017.
(ii) During the year, a piece of machinery costing Rs. 80,000 on which accumulated depreciation was Rs. 40,000 was sold at a gain of Rs. 10,000.
Prepare a Cash Flow Statement.
Marks-6, CBSE:2018-19/Comp/Q-23