From the following balance sheets of XYZ Ltd., for the year ended 31st March, 2010 and 2011, prepare a cash flow statement.
|
31.3.2010 |
31.3.2011 |
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|
Rs. |
Rs. |
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|
Liabilities |
|
|
||
|
Equity Share of Rs.20 each |
3,00,000 |
4,00,000 |
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|
Share premium |
|
10,000 |
||
|
Profit and loss appropriation A/c |
1,00,000 |
1,00,000 |
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Profit for the year |
|
2,00,000 |
||
|
6% Debentures |
1,50,000 |
1,00,000 |
||
|
Profit on Redemption of Debentures |
|
2,000 |
||
|
Sundry creditors |
1,40,000 |
1,10,000 |
||
|
Provision for taxation |
50,000 |
1,00,000 |
||
|
Proposed dividend |
15,000 |
20,000 |
||
|
|
7,55,000 |
10,42,000 |
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|
Assets |
|
|
|
|
|
Property |
|
2,00,000 |
|
2,50,000 |
|
Plant and machinery |
4,00,000 |
|
4,50,000 |
|
|
Less: Depreciation |
1,40,000 |
2,60,000 |
1,50,000 |
3,00,000 |
|
Loans to subsidiary Co. |
|
|
|
15,000 |
|
Share in subsidiary Co. |
|
20,000 |
|
20,000 |
|
Stock in trade |
|
1,40,000 |
|
1,50,000 |
|
Debtors |
|
1,00,000 |
|
1,50,000 |
|
Bank |
|
35,000 |
|
1,57,000 |
|
|
|
7,55,000 |
|
10,42,000 |
Additional information:
During the year plant costing Rs.50,000 was sold for Rs.10,000. Accumulated depreciation on this plant was Rs.30,000. Loss on sale of plant was charged to profit and loss account. Income tax paid during the year was Rs.60,000.