Prepare Cash Flow Statement on the basis of information given in the Balance Sheets of Relga Ltd. as at 31st March, 2019 and 31st March, 2020:
| Particulars | Note No. | 31st March, 2019 | 31st March, 2020 | |
|---|---|---|---|---|
| I | Equity and Liabilities | |||
| Shareholder’s Funds | ||||
| Share Capital | 2,00,000 | 2,50,000 | ||
| Reserves and Surplus | 1 | 50,000 | 70,000 | |
| Non-current Liabilities | ||||
| Long-term Borrowings | 2 | 1,00,000 | 80,000 | |
| Current Liabilities | ||||
| Trade Payables | 3 | 60,000 | 1,60,000 | |
| Other Current Liabilities | 4 | 25,000 | 20,000 | |
| Total | 4,35,000 | 5,80,000 | ||
| II | Assets | |||
| Non-Current Assets | ||||
| Fixed Assets | ||||
| Tangible Assets | 5 | 1,50,000 | 2,00,000 | |
| Intangible Assets | 6 | 10,000 | 2,000 | |
| Long-term Loans and Advances | 1,00,000 | 1,30,000 | ||
| Current Assets | ||||
| Inventories | 70,000 | 90,000 | ||
| Trade Receivables | 40,000 | 60,000 | ||
| Cash and Cash Equivalents | 65,000 | 98,000 | ||
| Total | 4,35,000 | 5,80,000 |
| Note No. | Particulars | 31st March, 2019 | 31st March, 2020 |
|---|---|---|---|
| 1. | Reserves and Surplus | ||
| General Reserve | 50,000 | 70,000 | |
| 2. | Long-term Borrowings | ||
| 12% Debentures | 1,00,000 | 80,000 | |
| 3. | Trade Payables | ||
| Creditors | 40,000 | 60,000 | |
| Bills Payable | 20,000 | 1,00,000 | |
| 60,000 | 1,60,000 | ||
| 4. | Other Current Liabilities | ||
| Outstanding Expenses | 25,000 | 20,000 | |
| 5. | Tangible Fixed Assets | ||
| Machinery | 2,00,000 | 2,60,000 | |
| Less: Provision for Depreciation | (50,000) | (60,000) | |
| 1,50,000 | 2,00,000 | ||
| 6. | Intangible Fixed Assets | ||
| Goodwill | 10,000 | 2,000 |
Additional Information:
- During the year a piece of machinery with a book value of ₹30,000; provision for depreciation on it ₹ 10,000 was sold at a loss of 50% on book value.
- Debentures were redeemed on 31st March 2020.
Marks-6, CBSE:2020-21/Sample/Q-32
Answer :