Past Year Papers Chapter wise Solutions
Cash Flow Statement
(i) From the following information of Nova Ltd., calculate the cash flow from investing activities: Particulars Note No. 31.3.2019 (₹) 31.3.2018 (₹) Machinery (At cost) 5,00,000 3,00,000 Accumulated Depreciation on machinery 1,00,000 80,000 Goodwill 1,50,000 1,00,000 Land 70,000 1,00,000 Additional Information: During the year, a machine costing Rs. 50,000 on...
Read MoreCash flow from the operating activities of Pinnacle Ltd. for the year ended 31st March, 2019 was Rs. 28,000. The Balance Sheet along with notes to accounts of Pinnacle Ltd. as at 31st March, 2019 is given below: Pinnacle Ltd. Balance Sheet as at 31st March, 2019 Particulars Note No....
Read MoreThere 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...
Read MoreFrom the following Balance Sheet of Gopal Ltd. and the additional information as at 31st March, 2019, prepare a Cash Flow statement when cash flows from financing activities is Rs. 2,32,000. Gopal Ltd. Balance Sheet as at 31-3-2019 Particulars Note no. 31.3.2019 (₹) 31.3.2018 (₹) I – Equity and Liabilities...
Read MoreCash 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...
Read MoreFrom the following Balance Sheet of Dreams Converge Ltd as at 31.3.2018 and 31.3.2017; Calculate Cash from operating activities. Showing your workings clearly Particulars Note No. 31.3.2018 (₹) 31.3.2017 (₹) I. EQUITY AND LIABILITY : 1. Shareholder’s Fund: 7,00,000 5,00,000 a. Share Capital b. Reserve and Surplus 3,50,000 2,00,000 2....
Read MoreFollowing 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...
Read MoreFrom the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018, prepare a Cash Flow Statement: Kiero Ltd. Balance Sheet as at 31-3-2018 Particulars Note No. 31-3-18 (Rs. ) 31-3-17 (Rs. ) I Equity and Liabilities (1) Shareholders Funds (a) Share Capital 7,90,000 5,80,000 (b) Reserves...
Read MoreFrom the following Balance Sheet of DCX Ltd. and the additional information as at 31st March, 2018 prepare a Cash Flow Statement: DCX 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 21,00,000...
Read MoreFrom 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...
Read MoreThe following is the Balance Sheet of R.M. Ltd. as at 31st March, 2017. Prepare a Cash Flow Statement: R.M. Ltd. Balance Sheet as at 31st March, 2017 Particulars Note No. 31.3.2017 (₹) 31.3.2016 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 15,00,000 10,00,000 b. Reserve and...
Read MoreFrom 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...
Read MoreFrom the following Balance Sheets of Vishva Ltd., prepare Cash Flow Statement as per AS-3 (revised) for the year ending 31st March, 2018 Particulars Note No. 31.3.2018 (₹) 31.3.2017 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 1,02,000 84,000 b. Reserve and Surplus 1 36,000 22,560 2....
Read MoreFollowing is the Balance Sheet of Mevanca Limited as at 31st March, 2017 Mevanca Ltd. Balance Sheet as at 31st March, 2017 Particulars Note No. 31.3.2017 (₹) 31.3.2016 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 3,00,000 1,00,000 b. Reserve and Surplus 1 25,000 1,20,000 2. Non-Current...
Read MoreFrom 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...
Read MoreFrom the following Balance Sheet of Ajanta Limited as on March 31, 2017, prepare a Cash Flow Statement: Particulars Note No. 31.3.2017 (₹) 31.3.2016 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 10,00,000 10,00,000 b. Reserve and Surplus 1 2,40,000 1,20,000 2. Non-Current Liabilities: Long Term Borrowing...
Read MoreCalculate Cash Flows from Investing Activities from the following information: Particulars Note No. 31.3.2015 (₹) 31.3.2014 (₹) Investments in Land 16,00,000 6,00,000 10% Long Term Investments 2,50,000 4,00,000 Plant and Machinery 3,00,000 2,00,000 Goodwill 80,000 15,000 Additional Information: A machine costing Rs. 40,000 (depreciation provided thereon Rs. 12,000) was sold...
Read MoreCalculate Cash Flows from Investing Activities from the following information: Particulars Note No. 31.3.2015 (₹) 31.3.2014 (₹) Investments in shares of Miko Ltd. 18,00,000 8,00,000 12% Long Term Investments 1,50,000 5,00,000 Plant and Machinery 6,00,000 4,00,000 Goodwill 1,20,000 40,000 Additional information: (i) 9% dividend was received from Miko Ltd. (ii)...
Read MoreFollowing is the Balance Sheet of R.S. Ltd as at 31st March, 2016 : R.S. Ltd. Balance Sheet as at 31-3-2016 Particulars Note No. 31.3.2016(₹) 31.3.2015(₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 9,00,000 7,00,000 b. Reserve and Surplus 1 2,50,000 1,00,000 2. Non-Current Liabilities: Long Term...
Read MoreFollowing is the Balance Sheets of Akash Ltd. as at 31-3-2014. Akash Ltd. Balance Sheet Particulars Note No. 31.3.2014 (₹) 31.3.2013 (₹) I. EQUITY AND LIABILITIES: 1. Shareholder’s Fund: a. Share Capital 15,00,000 14,00,000 b. Reserve and Surplus 1 2,50,000 1,10,000 2. Non-Current Liabilities: Long Term Borrowing 2,00,000 1,25,000 3....
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