Accountancy, asked by yusrazaidi81, 9 months ago

ILLUSTRATION 2.
Following particulars are given to you:
Trade Investments
2,50,000
Marketable Securities
40,000
Tangible Fixed Assets
6,00,000
Intangible Assets (Goodwill)
1,00,000
Trade Receivables
2,00,000
Less : Provision for Doubtful Debts
20,000
1,80,000
Cash and Bank Balance
80,000
Trade Payables
1,20,000
Rent Payable
10,000
Dividend Payable
30,000
Inventories
3,90,000
Long term Borrowings (8% Debentures)
2,80,000
Short term Borrowings (Bank Overdraft)
25,000
Short term Provisions :
Provision for Tax
55,000
Income Tax Paid in Advance
30,000
Calculate the Liquidity Ratios and Comment upon the short-term financial
position of the company.​

Answers

Answered by Anupk3724
4

Answer:

From the following Balance Sheet of Kiero Ltd. and the additional information as on 31-3-2018. prepare a Cash Flow Statement:

Kiero Ltd.

Balance Sheet as at 31-3-2018

Particulars Note

No. 31-3-18

(Rs.) 31-3-17

(Rs.)

I. Equity and Liabilities

(1) Shareholders Funds

(a) Share Capital

(b) Reserves and Surplus

(2) Non - Current Liabilities

Long term Borrowings

(3) Current Liabilities

(a) Short term borrowings

(b) Short term Provisions

1

2

3

4

7,90,000

4,60,000

5,00,000

1,15,000

1,18,000

5,80,000

1,20,000

3,00,000

42,000

46,000

Total

19,83,000 10,88,000

II. Assets

(1) Non-Current Assets

Fixed Assets

(i) Tangible Aseets

(ii) Intangible Assets

(2) Current Assets

(a) Current Investments

(b) Trade Recivables

(c) Cash and Cash Equivalents 5

6

9,80,000

2,68,000

1,40,000

4,40,000

1,55,000

6,35,000

1,70,000

70,000

1,50,000

63,000

Total 19,83,000 10,88,000

Notes to Accounts:

Note

No. Particulars 31-3-18

(Rs.) 31-3-17

(Rs.)

1. Reserve and Surplus

Surplus (Balance in statement of Profit & Loss)

General Reserve

3,20,000

1,40,000

60,000

60,000

4,60,000 1,20,000

2. Long-term Borrowing

12% Debentures

5,00,000

3,00,000

5,00,000 3,00,000

3. Short-term Borrowing

Bank Overdraft

1,15,000

42,000

1,15,000 42,000

4. Short-term Provisions

Provision for Tax

1,18,000

46,000

1,18,000 46,000

5. Tangible Assets

Plat and Machinery

Less: Accumulated Depreciation

11,00,000

(1,20,000)

7,50,000

(1,15,000)

9,80,000 6,35,000

6. Intangible Assets

Goodwill

2,68,000

1,70,000

2,68,000 1,70,000

Additional Information:

12% debentures were issued in 1

st

September, 2017.

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