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2.5
1.5
Rs. 6,00,000
5
20 %
2
2.4 months
0.8
7/25 = 0.28
Answer:
Balance Sheet of Star Enterprises Ltd. as on 31st March 2016
Liabilities
Capital
Reserves
Rs.
1000000
and 500000
Assets
Fixed Assets
Inventories
Rs.
1200000
400000
Surplus
31.03.2015
50,00,000
26,50,000
8,80,000
1,50,000
3,30,000
1,50,000
31.03.2016
50,00,000
36,90,000
9,00,000
8,20,000
3,00,000
2,70,000
3,00,000
Assets
Plant and Machinery
Less : Depreciation
Current Assets Debtors
Less: Provision
Cash
Marketable Securities
Inventories
Prepaid Expenses
.
91,60,000
1,12,80,000
27,30,000
6,10,000
21,20,000
23,90,000
1,50,000
22,40,000
15,20,000
11,80,000
20,10,000
90,000
91,60,000
40,70,000
7,90,000
32,80,000
28,30,000
1,90,000
26,40,000
18,20,000
15,00,000
19,20,000
1,20,000
1,12,80,000
Additional Information:
1. Net profit for the year ended 31.03.2016, after charging depreciation Rs. 1,80,000 is Rs.
22,40,000.
2. Debtors of Rs. 2,30,000 were determined to be worthless and were written off against the
provisions for doubtful debts account during the year.
3. ABC Ltd. declared dividend Rs. 12,00,000 for the year 2015-16.
Sol: Cash Flow Statement as per AS-3 using the Indirect method for the year ended on 31 st
March 2016