Past Year Papers Chapter wise Solutions

Cash Flow Statement

Prepare a Cash Flow Statement from the following Balance Sheets of Arya Ltd.: Particulars Note No. 31.03.2023 ₹ 31.03.2022 ₹ I Equity and Liabilities: Shareholders’ Funds (a) Share Capital 10,00,000 8,00,000 (b) Reserves and Surplus 1 6,40,000 5,40,000 2. Non-Current Liabilities Long-term Borrowings 2 1,50,000 1,00,000 3. Current Liabilities Trade...

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1) From the following information, calculate cash flow from Investing Activities: Particulars 31.3.2020 ₹ 31.03.2019 ₹ Plant and Machinery 3,00,000 2,00,000 Goodwill 1,20,000 40,000 Additional Information: A machine costing ₹50,000 (depreciation provided thereon ₹15,000) was sold for ₹40,000. Depreciation charged during the year was ₹50,000. Show your working notes clearly....

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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...

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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...

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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...

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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)...

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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...

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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...

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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)...

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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...

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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...

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(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...

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Cash 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....

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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...

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From 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...

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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...

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From 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....

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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...

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From 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...

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From 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...

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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...

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The 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...

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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...

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From 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....

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Following 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...

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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...

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From 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...

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Calculate 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...

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Calculate 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) A machine...

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Following 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...

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Following 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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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....

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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...

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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....

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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....

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Read the following hypothetical text and answer the given question on this basis: Madhav is a young entrepreneur. On 1st April, 2019, he formed a partnership firm with two of his friends, Mohan and Sohan. They started their business of exporting dry fruits. Their business was a successful business. Now...

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Read the following hypothetical text and answer the questions given below on the basis of the same: Aditi, initiated her start-up Fizz Ltd.’ in 2019. Fizz Ltd.’ is an organic juice extracting unit. Its profits are increasing year-after-year because of the increasing awareness towards health. Following information has been extracted...

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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...

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