Read the following hypothetical text and answer the given questions on this basis: Shobha started a small enterprise selling hand-knitted sweaters under ‘Skill India Scheme’. As the business grew, the revenue started increasing. On 1st April 2020, she decided to form Shobha Lt.’ along with twelve other like-minded persons. The Balance Sheet of Shobha Ltd. … Read more
Read the following hypothetical text and answer the given questions on the basis of the same. In 2011, two young Indian entrepreneurs, Vaishali Bhatia and Vivek Bhatia decided to start an online auto portal. At that time, there were no major players in the market and they saw an opportunity to fill the gap. They … Read more
From the following Balance Sheet of PP Ltd. as at 31st March, 2022, calculate Cash Flows from Operating Activities PP Ltd. Balance Sheet as at 31st March, 2022 Particulars Note No. 31st March, 2022 ₹ 31st March, 2021 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 1 70,00,000 50,00,000 (b) Reserves and Surplus … Read more
Calculate ‘Cash Flows from Investing Activities’ and ‘Cash Flows from Financing Activities’ for the year ended 31st March, 2021 from the following Balance Sheet of Kamna Ltd, as at 31st March, 2021 showing your workings clearly: Particulars Note No. 31.03.2021 ₹ 31.03.2020 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 12,00,000 11,00,000 (b) … Read more
From the following Balance Sheet of Anuradha Ltd. as at 31st March, 2022, calculate Cash from Operating Activities: Balance Sheet of Anuradha Ltd. as at 31st March, 2022 Particulars Note No. 31.03.2021 ₹ 31.03.2020 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 1 3,00,000 2,50,000 (b) Reserves and Surplus 2 1,50,000 1,00,000 2. … Read more
From the following Balance Sheet of Jay Ltd. as at 31.3.2022, calculate ‘Cash Flows from Operating Activities’: Jay Ltd. Balance Sheet as at 31.3.2022 Particulars Note No. 31.03.2022 ₹ 31.03.2021 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 1 50,00,000 30,00,000 (b) Reserves and Surplus 2 10,00,000 6,00,000 2. Non-Current Liabilities Long-term Borrowings … Read more
Calculate Cash Flows from Operating Activities for the year ended 31st March, 2021 from the following Balance Sheet of Raman Ltd. as at 31st March, 2021: Balance Sheet of Raman Ltd. as at 31st March, 2021 Particulars Note No. 31.03.2021 ₹ 31.03.2020 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 7,50,000 7,00,000 (b) … Read more
On the basis of information given by Aradhana Ltd., prepare Cash Flow Statement for the year ending 31st March, 2021: Aradhana Ltd. Balance Sheet as on 31st March, 2021 Particulars Note No. 31st March, 2020 31st March, 2021 I. Equity and Liabilities 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus 2. Non-current Liabilities … Read more
Read the following hypothetical text and answer the given questions on the basis of the same: Aashna, an alumnus of CBSE School, initiated her start up Smartpay, in 2015. Smartpay is a service platform that processes payments via UPI and POS, and provides credit or loans to their clients. During the year 2021-22, Smartpay issued … Read more
Following was the Balance Sheet of Bajaj Ltd. as on 31st March, 2021: Bajaj Ltd. Balance Sheet as on 31t March, 2021 Particulars Note No. 31.03.2021 ₹ 31.03.2020 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 19,00,000 17,00,000 (b) Reserves and Surplus 1 6,00,000 3,00,000 2. Non-Current Liabilities 12% Long-term Borrowings 5,00,000 4,00,000 … Read more
