Question

e Following is the Balance Sheet of Fine Products Ltd, as at 31st March, 2020:
Note No.
31st March, 31st March,
2020) 2019)
QUITY AND LIABILITIES
Shareholders' Funds
A Share Capital: Equity Share Capital
b) Reserves and Surplus
1
3,50,000
57.000
3,00,000
38,000
2. Current Liabilities
a) Trade Payables
b) Other Current Liabilities
(c) Short-term Provisions
2
53,000
6,000
32,000
4,98,000
35,000
8,000
28,000
4,09,000
Total
LASSETS
2,48,000
40,000
35,000
2,00,000
50,000
10,000
1. Non Current Assets
(a) Faed Assets:
@ Tangible Assets
@ Intangible Assets (Goodwill)
(b) Non-Current Investments
2. Current Assets
(a) Inventories
(b) Trade Receivables
la) Cash and Bank Balances
Total
39,000
1,08,000
28,000
4,98,000
57,000
75,000
17,000
4,09,000
Notes to Accounts
Indiculars
31st March, 31st March,
2020 () 2019)
1. Reserves and Surplus
General Reserve
Surplus, le, Balance in Statement of Profit and Loss
30,000
27.000
57,000
20,000
18,000
38,000
32,000
28,000
2. Short-term Provisions
Provision for Tax
1. Tangible Fixed Assets
Land and Building
Plant and Machinery
57,000
1,91,000
2,48,000
1,10,000
90,000
2,00,000
Note: Proposed dividend on equity for the years ended 31st March, 2019 and 2020 are ? 39,000 and
* 45,000 respectively.
You are required to prepare Cash Flow Statement for the year ended 31st March, 2020

Answer 1

Explanation:

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