From the following details relating to Grow More Ltd., prepare Cash Flow Statement:
BALANCE SHEET OF GROW MORE LTD. as at 31st March, 2020
Note No. 31st March, 31st March,
2020) 2019)
sculars
1
20,00,000
6,00,000
2.
16,00,000
4,20,000
4,00,000
3
EQUITY AND LIABILITIES
Shareholders' Funds
(a) Share Capital
(b) Reserves and Surplus
2. Non-Current Liabilities
Long-term Borrowings: 10% Debentures
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
Total
L ASSETS
Non-Current Assets
(a) Fixed Assets (Tangible Assets)
(b) Non-current Investments
2. Current Assets
(a) Inventories
(b) Trade Receivables
c) Cash and Cash Equivalents
Total
14,00,000
2,00,000
46,00,000
16,40,000
1,40,000
38,00,000
4
18,00,000
26,00,000
2,00,000
8,00,000
10,00,000
4,00,000
14,00,000
2,00,000
38,00,000
46,00,000
Answers
Answer:
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Explanation:
Answer:
Cash Flow from operating activities
Net Profit 40,000
Proposed Dividend 2.00,000
Provision for taxation 80,000
Transfer to GR 50,000
Depriciation 1,25,000
Profit on sale of P&M (15,000)
Op. Profit before WC changes 4,80,000
Increase in stock (2,00,000)
Decrease in Debtors 2,00,000
Decrease in Creditors (1,20,000)
Cash generated from Op. 3,60,000
Income tax paid (50,000)
Net Cash from Operating Activities 3,10,000
Cash Flow from investing activities
Purchase of fixed assets (3,45,000)
Exp. on building (2,00,000)
Increase in investments (1,00,000)
Sale of old machine 35,000
Net Cash used in investing Activities (6,10,000)
Cash Flow from financing activities
Proceeds from issues of shares 2,00,000
Proceeds from issues of debentures 2,00,000
Dividend Paid (1,00,000)
Net cash used in financing Activities 3,00,000
Cash and Cash equivalents at the beginning of the year is 2,00,000
Cash and Cash equivalents at the end of the year is 2,00,000
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