Read the following hypothetical text and answer the given question on this basis: Azad, inspired by Make-in-India mission initiated his start-up in the form of a company Azad Ltd along with six other promoters in 2016. The company has been earning good revenue consistently. The financial position of Azad Ltd. as at 31st March, 2022 … Read more
Read the following hypothetical text and answer the given question on the basis of the same. Sujata started a small enterprise under the “Skill India Scheme’, As the business grew, the revenue started increasing and she decided to form ‘Sujata Ltd.’ to achieve her objectives with 10 other like-minded persons. The financial position of the … Read more
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 … Read more
From the following Balance Sheet of G Ltd. as at 31st March, 2019 and additional information, prepare Cash Flow Statement: Particulars Note No. 31.03.2019 ₹ 31.03.2018 ₹ I – Equity and Liabilities : 1. Shareholder’s Funds : (a) Share Capital 8,00,000 6,00,000 (b) Reserves and Surplus 1 3,30,000 2,20,000 2. Non-Current Liabilities : Long-term Borrowings … Read more
From the following Balance Sheet of JY Ltd. as at 31st March 2017, prepare a Cash Flow Statement: Balance Sheet of JY Ltd. as at 31.3.2017 Particulars Note No. 31.3.2017 (₹) 31.3.2016 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 5,00,000 5,00,000 b. Reserve and Surplus 1 1,00,000 (25,000) 2. Non-Current Liabilities: … Read more
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. … Read more
From the following Balance Sheet of Mayur Ltd. and the additional information as at 31st March, 2018, prepare a Cash Flow Statement: Mayur 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 30,00,000 20,00,000 b. Reserve and Surplus 1 … Read more
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 … Read more
There was ‘Nil’ net cash flow from operating activities of Ashok Ltd. during the year ending 31st March, 2019. From the following Balance Sheet of Ashok Ltd. as at 31st March, 2019, prepare a Cash Flow Statement: Ashok Ltd. Balance Sheet as at 31st March, 2019 Particulars Note No. 31.3.2019 (₹) 31.3.2018 (₹) I. EQUITY … Read more
Cash flow from operating activities of Starline Ltd. for the year ended 31.03.2019 was Rs. 18,000. The Balance Sheet along with notes to accounts of Starline Ltd. as at 31-03-19 is given below: Starline limited Balance Sheet as at 31st March, 2019 Particulars Note no. 31.3.2019 (₹) 31.3.2018 (₹) I – Equity and Liabilities : … Read more