1.

From the following information, determine cash received from debtors during current year Particulars Rs in lakh Debtors in beginning of current year 1000 Total sale 20000 Cash sale 5000 Debtors at the end of current year 3000 2. Determine cash paid to supplier Particulars Cost of goods sold Opening stock Closing stock Creditors at the beginning of the year Creditors at the end of the year Cash purchase

Rs in lakh 480 30 50 60 90 40

3. From the following a. Determine the gross amount of plant and machinery purchased b. Depreciation charged during the current year Plant assets (net of depreciation) at the year-end Rs 285 lakh and the year beginning Rs 127 lakh. Gross plant assets increase by Rs 186 lakh even through machine costing initially Rs 58 lakh with book value of Rs 38 lakh was sold at loss of Rs 25 lakh

1. From the following summary cash account of Y ltd. Prepare cash flow statement for the current year ended march 31 in accordance with AS-3 using the direct method. The company does not have any cash equivalents. Summary of Cash Account(,000) For the current year ended march 31 50 Payment to suppliers 300 Purchase of fixed assets 2800 Overhead exp. 100 Wages and salaries Taxation Dividend Repayment of bank loan Closing balance

Opening balance Issue of equity shares Receipt from customer Sale of fixed assets

2000 200 200 100 250 50 300 150 3250

3250

1. Following condensed financial statement related to RST ltd. For the years ended on 31st march Balance sheet (Rs. In 000) Liabilities 2007 2008 Assets 2007 2008 1. Share capital 100 150 1.F.A. (at cost) 270 370 2. Reserve 90 114 Less: accumulated dep. (70) (90) 3. Long term debt. 150 106 Net F.A. 200 280 4.Creditors 40 85 40 30 2.Investment 5.provision for income tax 20 15 3.current assets: Stock 55 48 Debtors 70 100 Cash & bank 30 10 5 2 4.Misc. expenditures 400 470 400 470 Profit and loss a/c (Rs. In 000) For the year ended on 31-3-2008 Particular 1. Sales 2. Less: opening stock + purchase -closing stock COGS (A) Gross profit 3. Less: i. Cash operating exp. ii. Depreciation iii. Misc. exp. Written off iv. Interest v. Loss on sale of investment vi. Income tax provision (B) Operating income 4. Add: i. Income from investment ii. Extraordinary income (C) Net profits Additional information( Rs. In 000) 1. The sale of investment worth Rs. 10 realized only Rs. 8 2. Last years income tax was paid in full. Prepare the cash flow statement under AS-3 indirect method Amount Amount 600 55 491 (48) (498) 102 (30) (20) (3) (15) (2) (15)

(85) 17

3 4

7 24

3. Following detail related to the Alpha Ltd. For the accounting year ending on 31st march 2008 Condensed profit & loss a/c (Rs in crores) For the year ended on 31st march 2008 Particular Amount Amount 1. Sales 1400 2. Profit on sale of investment 5 3. Dividend income on investment 15 (A) Total income 1420 Less: Expenses: 1. Manufacturing 961 2. Depreciation 140 3. Misc. exp. W/off 3 4. Interest on long term debt. 40 5. Loss on sale of fixed assets 10 (B) Total exp 1154 (C) Profit before tax and extra ordinary 266 items Less: voluntary retirement scheme (extra ordinary item) (50) (D) Profit before tax 216 Less: taxes (100) (E) Profit after tax 116 Less: proposed dividend (24) (F) Net retained profits transfer to reserves 92 Balance sheet (Rs in crores) For the year ended on 31st march 0 0 Assets 180 220 1. Fixed assets 220 400 0 100 20 80 312 490 0 114 24 100 Less :acc. Dep. Net FA 2. Investments 3. Current assets Inventories Debtors Cash and bank 4. Misc. exp.

Liabilities 1. Equity capital (Each of Rs 10) 2. Reserves 3. Long term debt. 4. Current liabilities Creditors Proposed divi. Provision for tax

2007 1000 (400) 600 50 0 100 200 40 10 1000

2008 1403 (530) 873 80 0 60 210 30 7 1260

1000

1260

Additional info (Rs in crores) 1. An old fixed assets costing Rs 107 with a WDV of Rs. 97 was sold at a loss of Rs. 10 and new fixed assets costing Rs. 510 was purchased during 2007-2008

2. Investment costing Rs. 80 were sold at a profit of Rs 5 and new investments were made amounting to Rs 110 3. Last years proposed dividend was paid during the current year. 4. Misc. exp. Of Rs. 3 were written off during the year. 5. Last years provision for tax was paid in full during the current year. 6. Current years interest on long term fund was paid in full 7. New equity capital of Rs 40 and new long term debt of Rs 90 were raised during the current year. Prepare a cash flow statement for the year ended on 31st march 2008 under the indirect method as per AS-3