Balance Sheet of Madhavan, Chatterjee and Pillai as at 31st March, 2024
Liabilities | Amount (₹) | Assets | Amount (₹) |
---|---|---|---|
Creditors | 1,10,000 | Cash at Bank | 4,05,000 |
Outstanding Expenses | 17,000 | Stock | 2,20,000 |
Mrs. Madhavan’s Loan | 2,00,000 | Debtors | 95,000 |
Chatterjee’s Loan | 1,70,000 | Less: Provision for Doubtful Debts | (5,000) |
Capitals: | Madhavan – 2,00,000 | Land and Building | 1,82,000 |
Chatterjee – 1,00,000 | Plant and Machinery | 1,00,000 | |
Pillai – 2,00,000 | |||
Total | 9,97,000 | Total | 9,97,000 |
Liabilities | Amount (₹) | Assets | Amount (₹) |
---|---|---|---|
Capitals: | Machinery | 7,00,000 | |
Madhur | 9,00,000 | Investments | 4,00,000 |
Neeraj | 8,00,000 | Debtors | 11,00,000 |
Creditors | 6,00,000 | Stock | 2,00,000 |
Bills Payable | 2,00,000 | Cash at Bank | 1,00,000 |
Total | 25,00,000 | Total | 25,00,000 |
On $31^{\text {st }}$ March, 2024, following is the Balance Sheet of Bhavik Limited :
Bhavik Ltd.
Balance Sheet as at $31^{\text {st }}$ March 2024
I. Equity and Liabilities :
Particulars | Note No. | $31-3-2024$ (₹) | $31-3-2023$ (₹) |
1. Shareholders funds | |||
(a) Share Capital | 12,00,000 | 10,00,000 | |
(b) Reserves and Surplus | 1 | 4,00,000 | 3,00,000 |
2. Non-current liabilities | |||
Long-term borrowings | 2 | 6,00,000 | 10,00,000 |
3. Current Liabilities | 5,00,000 | 1,00,000 | |
(a) Trade Payables | 3 | 3,00,000 | 4,00,000 |
(b) Short-term provisions | |||
Total | 30,00,000 | 28,00,000 |
II. Assets :
1. Non-current Assets | |||
(a) Property, Plant and Equipment and Intangible Assets | |||
Property plant and equipment | 4 | 19,00,000 | 15,00,000 |
(b) Non-current Investments | 3,00,000 | 4,00,000 | |
2. Current Assets | |||
(a) Inventories | 4,50,000 | 3,50,000 | |
(b) Trade Receivables | 2,50,000 | 4,50,000 | |
(c) Cash and Cash Equivalents | 1,00,000 | 1,00,000 | |
Total | 30,00,000 | 28,00,000 |
Notes to Accounts :
Note | Particulars | $31-3-2024$ (₹) | $31-3-2023$ (₹) |
No. | |||
1. | Reserves and Surplus i.e. Balance in Statement of Profit and Loss | 4,00,000 | 3,00,000 |
2. | Long-term borrowings | ||
10% Debentures | 6,00,000 | 10,00,000 | |
3. | Short-term provisions | ||
Provision for tax | 3,00,000 | 4,00,000 | |
4. | Property plant and equipment | ||
Plant and Machinery | 21,50,000 | 16,00,000 | |
Less : Accumulated Depreciation | 2,50,000 | 1,00,000 | |
19,00,000 | 15,00,000 |
Additional Information :
Calculate :
On 31st March, 2024 following is the Balance Sheet of Bhavik Limited :
Bhavik Ltd.
Additional Information :
(i) During the year a piece of machinery costing Rs 8,00,000 accumulated depreciation thereon Rs 50,000 was sold for Rs 6,50,000
(ii) Debentures were redeemed on 31-03-2024.
Calculate:
(a) Cash flows from Investing Activities
(b) Cash flows from Financing Activities