Following is the Balance Sheet of Bharat Gas Ltd. as at 31st March, 2023: Balance Sheet of Bharat Gas Ltd. as at 31st March, 2023 Particulars Note No. 31.3.2023 Rs. 31.3.2022 Rs. I – Equity and Liabilities:1. Shareholders’ Funds (a) Share Capital (b) Reserves and Surplus2. Non-Current Liabilities (a) Long-term Borrowing 1 14,00,0005,00,000 5,00,000 10,00,0004,00,0001,40,000 … Read more
Calculate ‘Cash Flows from Investing Activities’ from the following information: Particulars 31.3.2023 Rs. 31.3.2022 Rs. Plant and Machinery Goodwill 4,10,0001,80,000 3,00,00080,000 Additional Information: A machine costing Rs. 85,000 (depreciation provided thereon Rs. 15,000) was sold for Rs. 62,000. Depreciation charged during the year amounted to Rs. 48,000. Calculate ‘Cash Flows from Financing Activities’ from the … Read more
From the following Balance Sheet of Nishant Ltd. as at 31st March, 2023, calculate ‘Cash Flows from Operating Activities’: Balance Sheet of Nishant Ltd. as at 31st March, 2023 Particulars Note No. 31.3.2023 Rs. 31.3.2022 Rs. I – Equity and Liabilities:1. Shareholders’ Funds (a) Share Capital (b) Reserves and Surplus2. Non-Current Liabilities (a) Long-term Borrowings3. … Read more
From the following information, calculate ‘Cash Flows from Operating Activities’: Particulars Amount (Rs.) Surplus i.e. Balance in Statement of Profit and LossProvision for TaxProposed Dividend for the previous yearDepreciation Loss on Sale of Machinery Gain on Sale of InvestmentsDividend Received on InvestmentsIncrease in Current Liabilities Increase in Current Assets(other than cash and cash equivalents) Decrease … Read more
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