The following are the balance sheets of Subhikishu Ltd. as on 31 March 2010 and 31 March 2011, respectively.
|
Liabilities |
31 March |
31 March |
Assets |
31 March |
31 March |
|
|
2011 |
2010 |
|
2011 |
2010 |
|
|
Rs. |
Rs. |
|
Rs. |
Rs. |
|
Equity Share Capital |
13,50,000 |
12,50,00 |
Land |
3,75,000 |
3,75,000 |
|
Securities Premium |
3,85,000 |
3,75,000 |
Buildings |
20,62,500 |
17,87,500 |
|
P & L A/c |
27,52,500 |
25,22,500 |
Plants |
1375,000 |
11,25,00 |
|
15% Debentures |
2,50,000 |
5,00,000 |
Investments |
13,75,000 |
11,25,000 |
|
Expenses Due |
52,500 |
65,000 |
Patents |
35,000 |
25,000 |
|
Tax Payable |
3,75,000 |
2,57,500 |
Debtors |
10,00,000 |
10,62,500 |
|
Bills Payable |
1,25,000 |
1,75,000 |
Bills Receivable |
25,000 |
20,000 |
|
Creditors |
5,50,000 |
4,50,000 |
Stock |
11,55,000 |
11,35,000 |
|
Accumulated Depreciation |
|
|
Cash |
3,37,500 |
2,50,000 |
|
Plants |
2,25,000 |
1,87,500 |
Preliminary Expense |
12,500 |
15,00 |
|
Buildings |
6,25,000 |
5,75,000 |
|
|
|
|
Provision for Doubtful Debts |
50,000 |
62,500 |
|
|
|
|
|
67,40,000 |
64,20,000 |
|
67,40,000 |
64,20,000 |
Additional Information:
- Debentures were redeemed at a premium of 10% on 1 October 2010.
- Investments were sold at a profit of 50% on cost.
- During the year a machine costing Rs.2,50,000 (accumulated depreciation of 1,00,000) was sold at a profit of 20% on book value.
- During the year building costing Rs.5,25,000 was purchased by issue of 10,000 equity shares of Rs.10 each at a premium of Rs.1 per share and balance by cash.
- A building costing Rs.2,50,000 (with accumulated depreciation of Rs.1,75,000) was sold for Rs.85,000. Prepare cash flow statement as per AS-3 (Revised). Show all working clearly.