Question

2
32. From the following Balance sheet of Young India Traders Ltd. as at 31" March, 292.
prepare Cash Flow Statement
Particulars
Note
31" March
31" March
No.
2020)
2019
1. EQUITY AND LIABILITIES
1. Shareholders' Funds
a) Share capital
6.00.000 4,00.000
b) Reserves and Surplus
2,00.000 1,00,000
2. Non-Current Liabilities
Long-term Borrowings: 10% Bank Loan
1,00.000 2,00,000
J. Current Liabilities
Trade Payables
45,000
60.000
D Other Current Liabilities
2
20,000
Short-term Provisions
70,000
40.000
TOTAL
10.33.000 8.00.000
11. ASSETS
1. Non-Current Assets
a) Fixed Assets
Tangible assets Machinery Nel)
6.00.000
6,00.000
Intangible Assets Patents
45.000
50.000
b) Non-current Investments
75.000
2. Current Assets
a) Inventories
15,000
10.000
b) Trade Receivables
2.55.000 1.20,000
c) Cash and Cash Equivalents
45.000
20,000
Total
1035.000 8.00.000
Notes to Accounts
Particulars
31" March,
2020)
31" March,
2019 R)
2,00,000
1,00,000
1. Reserve and Surplus
Surplu, i.e., Balance in Statement of Profit and Loss
2. Other Current Liabilities
Unpaid Dividend
3. Short-term Provisions
Provision for Tax
Additional Information
20,000
70,000
40,000
i)
Contingent Liability:
31" March, 2020 (3) 31 March, 2019 (3)
Proposed Dividend
1,00,000
60,000
During the year, a machine costing 75,000 was purchased. Loss on sale of machinery
was 5,000. Depreciation charged on machinery was 12,000.
Tax paid during the year was 50,000.
Bank Loan of 1,00,000 repaid on 1 April 2019,
iv)
es
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Answer 1

Answer:

Contingent Liability:

31" March, 2020 (3) 31 March, 2019 (3)

Proposed Dividend

1,00,000

60,000

During the year, a machine costing 75,000 was purchased. Loss on sale of machinery

was 5,000. Depreciation charged on machinery was 12,000.

Tax paid during the year was 50,000.

Bank Loan of 1,00,000 repaid on 1 April 2019,

iv)

Answer 2

Explanation:

here is the answer hope this helped