Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016 31.03.15 31.03.16 31.03.15 31.03.16 Liabilities Rs Rs. Assets Rs. Rs. Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000 45,60,000 Capital Reserve --- 48,000 Less: Depreciation (11,04,000) (13,92,000) General Reserve 8,16,000 9,60,000 27,36,000 31,68,000 Profit & Loss Account 2,88,000 3,60,000 Investments 4,80,000 3,84,000 9% Debenture 9,60,000 6,72,000 Cash 4,000 ___ Sundry Creditors & Bills Payable 5,76,000 6,24,000 Sundry Debtors 12,00,000 14,00,000 Proposed Dividend 1,44,000 1,72,800 Stock 1,40,000 1,84,000 Provision for Tax 4,32,000 4,08,000 Preliminary Expenses 96,000 48,000 Unclaimed Dividend ___ 19,200 46,56,000 51,84,000 46,56,000 51,84,000 Additional Information 1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000 2. Provided Rs 4,20,000 as depreciation on Fixed Assets 3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve 4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000 5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided. 6. Debentures are redeemed at Rs 105 Question 1 :Net Cash flow from Operating activities …….. Select one: a. 1,15,000 b. 7,56,000 c. 12,00,000 d. 7,59,680 Clear my choice Net Cash flow from Investing activities…………. Select one: a. 12,00,000 b. (7,56,000) c. 1,50,000 d. 36,000 Clear my choice Net Cashflow from Financing activities………… Select one: a. 51,600 b. 8,79,600 c. 4,20,000 d. (7,680) Fixed assets purchesed during the time period is ………… Select one: a. 10,20,000 b. 11,00,500 c. 12,00,000 d. 9,00,000 Clear my choice Cash received on Sale of Investment………….. Select one: a. 12,00,000 b. 1,50,000 c. 1,44,000 d. 4,20,000

Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016 XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX Liabilities Rs Rs. Assets Rs. Rs. Share Capital 14,40,000 19,20,000 Fixed Assets 38,40,000...

Balance Sheet of XYZ Ltd as on 31‐Mar‐2015 and 31‐Mar‐2016
	31.03.15	31.03.16		31.03.15	31.03.16
Liabilities	Rs	Rs.	Assets	Rs.	Rs.
Share Capital	14,40,000	19,20,000	Fixed Assets	38,40,000	45,60,000
Capital Reserve	---	48,000	Less: Depreciation	(11,04,000)	(13,92,000)
General Reserve	8,16,000	9,60,000		27,36,000	31,68,000
Profit & Loss Account	2,88,000	3,60,000	Investments	4,80,000	3,84,000
9% Debenture	9,60,000	6,72,000	Cash	4,000	___
Sundry Creditors & Bills Payable	5,76,000	6,24,000	Sundry Debtors	12,00,000	14,00,000
Proposed Dividend	1,44,000	1,72,800	Stock	1,40,000	1,84,000
Provision for Tax	4,32,000	4,08,000	Preliminary Expenses	96,000	48,000
Unclaimed Dividend	___	19,200
	46,56,000	51,84,000		46,56,000	51,84,000

Additional Information
1. During the year 2015 ‐ 2016, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000
2. Provided Rs 4,20,000 as depreciation on Fixed Assets
3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve
4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2015. The stock as at 31.03.16 was correctly valued at Rs 3,60,000
5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided.
6. Debentures are redeemed at Rs 105

Question 1 :Net Cash flow from Operating activities ……..

Select one:

1,15,000

7,56,000

12,00,000

7,59,680

Clear my choice

Net Cash flow from Investing activities………….

Select one:

12,00,000

(7,56,000)

1,50,000

36,000

Clear my choice

Net Cashflow from Financing activities…………

Select one:

51,600

8,79,600

4,20,000

(7,680)

Fixed assets purchesed during the time period is …………

Select one:

10,20,000

11,00,500

12,00,000

9,00,000

Clear my choice

Cash received on Sale of Investment…………..

Select one:

12,00,000

1,50,000

1,44,000

4,20,000

Jun 09, 2022