Following are the Balance Sheets of a company as on 31 March 2008 and 31 March 2009:
|
Liabilities |
As on 31 March 2008 |
As on 31 March 2009 |
Assets |
As on 31 March 2008 |
As on 31 |
|
Equity Share Capital (Rs. 10 each, fully paid) |
3,00,000 |
3,50,000 |
Fixed Assets (Net) |
4,00,000 |
4,75,000 |
|
General Reserve |
1,50,000 |
2,25,000 |
Long-term Investment (at Cost) |
90,000 |
90,000 |
|
Capital Reserve |
– |
5,000 |
Stock at Cost |
1,00,000 |
1,35,000 |
|
(Profit on Sale of Investment) |
|||||
|
15% Debentures |
1,50,000 |
1,00,000 |
Debtors |
1,12,500 |
1,22,500 |
|
Accrued Expenses |
5,000 |
6,000 |
Cash |
32,500 |
43,500 |
|
Creditors |
80,000 |
1,25,000 |
|||
|
Proposed Dividend |
15,000 |
17,000 |
|||
|
Provision for Tax |
35,000 |
38,000 |
|||
|
7,35,000 |
8,66,000 |
7,35,000 |
8,66,000 |
Additional Information:
- The balance of accumulated depreciation stood at Rs. 1,00,000 on 31 March 2008 and Rs. 1,25,000 on 31 March 2009.
- During the year 2008–09, Fixed Assets having a book value of Rs. 5,000 (accumulated depreciation— Rs. 15,000) was sold for Rs. 4,000.
- During the year 2008–09, investments costing Rs. 40,000 were sold.
- Debentures were redeemed at a premium of 10%.
- Tax of Rs. 2,75,500 was paid.
- Dividend proposed in 2007–08 was paid in 2008–09.
You are asked to prepare a Cash Flow Statement for the year that ended on 31 March 2009 as per AS-3.