CFS Questions – 18 Oct 2022

Q.1 Mohan Ltd

Balance Sheet as at 31/3/22
Particulars Note No 31/3/22 31/3/21
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) Share Capital 5,00,000 4,00,000
(b) Reserves and Surplus 1 2,00,000 1,50,000
(2) Non-Current Liabilities
Long Term Borrowings 2 80,000 50,000
(3) Current Liabilities
(a) Trade Payables 20,000 10,000
(b) Short Term Provisions 3 50,000 40,000
Total 8,50,000 6,50,000
II. ASSETS
(1) Non-Current Assets
(a) Property, Plant, Eqpmt & Intangible Assets
(i) Property, Plant, Eqpmt 4 3,50,000 2,50,000
(ii) Intangible assets 5 1,00,000 1,20,000
(2) Current Assets
(a) Inventories 60,000 80,000
(b) Trade Receivables 2,00,000 1,20,000
(c) Cash and Cash Equivalents 1,40,000 80,000
Total 8,50,000 6,50,000

Notes to Accounts:
Particulars 31/3/2022 31/3/2021
1. Reserves and Surplus
Statement of Profit and Loss 2,00,000 1,50,000
2. Long Term Borrowings
10% Debentures 80,000 50,000
3. Short Term Provisions
Provision for Tax 50,000 40,000
4. Property, Plant & Equipment
Machinery 4,50,000 3,00,000
Accumulated Depreciation (1,00,000) (50,000)
5. Intangible Assets
Goodwill 1,00,000 1,20,000

Additional Information
a) During the year a piece of machinery with a book value of Rs. 20,000, accumulated depreciation
there on 10,000, was sold for was Rs. 8,000.

b) Tax Paid Rs. 60,000.

Prepare a Cash Flow Statement.

 CFS Questions – 18 Oct 2022

Q.2) Sohan Ltd

Balance Sheet as at 31/3/22
Particulars Note No 31/3/22 31/3/21
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) Share Capital 5,00,000 4,00,000
(b) Reserves and Surplus 1 2,00,000 1,50,000
(2) Non-Current Liabilities
Long Term Borrowings 2 80,000 50,000
(3) Current Liabilities
(a) Trade Payables 20,000 10,000
(b) Short Term Provisions 3 50,000 40,000
Total 8,50,000 6,50,000
II. ASSETS
(1) Non-Current Assets
(a) Property, Plant, Eqpmt & Intangible Assets
(i) Property, Plant, Eqpmt 4 3,50,000 2,50,000
(ii) Intangible assets 5 1,00,000 1,20,000
(2) Current Assets
(a) Inventories 60,000 80,000
(b) Trade Receivables 2,00,000 1,20,000
(c) Cash and Cash Equivalents 1,40,000 80,000
Total 8,50,000 6,50,000

Notes to Accounts:
Particulars 31/3/2022 31/3/2021
1. Reserves and Surplus
Statement of Profit and Loss 2,00,000 1,50,000
2. Long Term Borrowings
10% Debentures 80,000 50,000
3. Short Term Provisions
Provision for Tax 50,000 40,000
4. Property, Plant & Equipment
Machinery 4,50,000 3,00,000
Accumulated Depreciation (1,00,000) (50,000)
5. Intangible Assets
Goodwill 1,00,000 1,20,000

Additional Information
a) During the year a piece of machinery with a book value of Rs. 20,000, accumulated depreciation
there on 10,000, was sold for was Rs. 8,000.

b) Tax Paid Rs. 60,000.

Prepare a Cash Flow Statement.

Q.3) Rohan Ltd
Balance Sheet as at 31/3/22
Particulars Note No 31/3/22 31/3/21
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) Share Capital 10,00,000 8,00,000
(b) Reserves and Surplus 1 4,00,000 3,00,000
(2) Non-Current Liabilities
Long Term Borrowings 2 1,60,000 1,00,000
(3) Current Liabilities
(a) Trade Payables 40,000 20,000
(b) Short Term Provisions 3 1,00,000 80,000
Total 17,00,000 13,00,000
II. ASSETS
(1) Non-Current Assets
(a) Property, Plant, Eqpmt & Intangible Assets
(i) Property, Plant, Eqpmt 4 7,00,000 2,50,000
(ii) Intangible assets 5 2,00,000 1,20,000
(2) Current Assets
(a) Inventories 1,20,000 1,60,000
(b) Trade Receivables 4,00,000 2,40,000
(c) Cash and Cash Equivalents 2,80,000 1,60,000
Total 17,00,000 13,00,000

Notes to Accounts:
Particulars 31/3/2022 31/3/2021
1. Reserves and Surplus
Statement of Profit and Loss 4,00,000 3,00,000
2. Long Term Borrowings
10% Debentures 1,60,000
1,00,000
3. Short Term Provisions
Provision for Tax 1,00,000 80,000
4. Property, Plant & Equipment
Machinery 9.00,000 6,00,000
Accumulated Depreciation (2,00,000) (1,00,000
5. Intangible Assets )
Goodwill 2,00,000 2,40,000

Additional Information
a) During the year a piece of machinery with a book value of Rs. 60,000, accumulated depreciation
there on 20,000, was sold for was Rs. 35,000

b) Tax Paid Rs. 70,000.

Prepare a Cash Flow Statement.

Q.4) Bogan Ltd (HW)
Balance Sheet as at 31/3/22
Particulars Note No 31/3/22 31/3/21
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) Share Capital 8,00,000 7,00,000
(b) Reserves and Surplus 1 3,00,000 2,00,000
(2) Non-Current Liabilities
Long Term Borrowings 2 3,00,000 2,00,000
(3) Current Liabilities
(a) Trade Payables 40,000 60,000
(b) Short Term Provisions 3 1,00,000 90,000
Total 15,40,000 12,50,000
II. ASSETS
(1) Non-Current Assets
(a) Property, Plant, Eqpmt & Intangible Assets
(i) Property, Plant, Eqpmt 4 7,00,000 5,50,000
(ii) Intangible assets 5 3,00,000 2,50,000
(2) Current Assets
(a) Inventories 1,00,000 1,00,000
(b) Trade Receivables 2,00,000 2,00,000
(c) Cash and Cash Equivalents 2,40,000 1,50,000
Total 15,40,000 12,50,000

Notes to Accounts:
Particulars 31/3/2022 31/3/2021
1. Reserves and Surplus
Statement of Profit and Loss 3,00,000 2,00,000
2. Long Term Borrowings
10% Debentures 1,00,000 90,000
3. Short Term Provisions
Provision for Tax 1,00,000 80,000
4. Property, Plant & Equipment
Machinery 9.00,000 6,00,000
Accumulated Depreciation (2,00,000) (1,00,000
5. Intangible Assets )
Goodwill 2,00,000 2,40,000

Additional Information
c) During the year a piece of machinery with a book value of Rs. 60,000, accumulated depreciation
there on 20,000, was sold for was Rs. 35,000

d) Tax Paid Rs. 70,000.

Prepare a Cash Flow Statement.