Following are the Balance Sheets as on 31 March 2008 and 31 March 2009:
|
Liabilities |
As on 31 |
As on 31 |
Assets |
As on 31 |
As on 31 |
|
Equity Share Capital |
1,00,000 |
1,50,000 |
Land &Building |
80,000 |
75,000 |
|
General Reserve |
60,000 |
10,000 |
Plant & Machinery |
42,000 |
85,000 |
|
Profit & Loss A/c |
5,000 |
30,000 |
Furniture &Fittings |
7,000 |
6,000 |
|
Mortgage Loan (Against |
– |
40,000 |
Investment |
6,000 |
12,000 |
|
Plant & Machinery) |
Stock |
27,500 |
94,500 |
||
|
Sundry Creditors |
30,000 |
20,000 |
Sundry Debtors |
46,500 |
77,200 |
|
Provision for Tax |
10,000 |
15,000 |
Cash |
2,000 |
7,300 |
|
Bills Payable |
10,000 |
30,000 |
Preliminary Expenses |
4,000 |
3,000 |
|
Bank Overdraft |
– |
65,000 |
|||
|
2,15,000 |
3,60,000 |
2,15,000 |
3,60,000 |
During the year that ended on 31 March 2009, the following transactions took place:
- Bonus shares have been issued at one for every two held out of General Reserve.
- Company purchased plant and machinery for Rs. 60,000, out of which Rs. 20,000 was paid in cash and for the rest, plant and machinery was mortgaged to the seller.
- Dividend Paid was Rs. 15,000.
- Furniture (Book value —Rs. 2,100) was sold for Rs. 3,045.
- Investment costing Rs. 3,000, written off in the year 2002, were sold for Rs. 5,000 on 12 March 2009.
- Furniture purchased during the year was for Rs. 1,500.
- Net Profit for the year, after charging a depreciation on land and building, plant and machinery, furniture and fittings, and Rs. 21,000 as provision for tax.
Prepare a Cash Flow Statement for the year that ended on 31 March 2009, as per AS-3.