From the following Balance Sheet of Axe Ltd. as at 31st March, 2018, prepare a Cash Flow Statement:

Axe Ltd.

Balance Sheet as at 31.3.2018

Particulars Note No. 31.3.2018
(₹)
31.3.2017
(₹)
I. EQUITY AND LIABILITIES:
1. Shareholder’s Fund:
a. Share Capital 6,30,000 5,60,000
b. Reserve and Surplus 1 3,80,000 1,82,000
2. Current Liabilities:
a. Trade Payables 2,08,000 1,82,000
b. Other Current Liabilities 14,000 28,000
TOTAL 12,32,000 9,52,000
II. ASSETS :
1. Non Current Assets:
a. Fixed Assets:
i. Tangible Assets 2 3,92,000 2,80,000
2. Current Assets:
a. Inventory 1,26,000 1,82,000
b. Trade Receivable 6,30,000 4,20,000
c. Cash and Cash Equivalents 84,000 70,000
TOTAL 12,32,000 9,52,000

Notes to Accounts

Note Number Particulars 31.3.2018
(₹)
31.3.2017
(₹)
1 Reserves and Surplus
Surplus (Balance in Statement of Profit & Loss) 2,00,000 1,00,000
1,80,000 82,000
3,80,000 1,82,000
2 Tangible Assets:
Machinery 4,50,000 3,60,000
Accumulated depreciation (58,000) (80,000)
3,92,000 2,80,000

Additional Information:

An old machinery costing Rs.  42,000, on which accumulated depreciation was Rs.  28,000 was sold for Rs.  56,000.

 

Marks-6, CBSE:2018-19/Main/05/Q-23

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