Question

Form the following Balance Sheet of Star Ltd as at 31st, March 2019, prepare Cash Flow Statement:

Additional Information :
(i). During the year, Machinery costing ₹ 20,000 (accumulated depreciation of ₹ 15,000) was sold for ₹ 12,000.
(ii). During the year, Non-current Investments were sold at a profit of 20%, which is transferred to Capital Reserve.
(iii) Debentures were redeemed at par on 1st April, 2018.
(iv) Tax of ₹ 15,000 was paid during the year.
(v) Interim Dividend paid during the year amount to ₹ 25,000.
(iv) Board has proposed Final Dividend for the previous year (year ended 31st March , 2018) @ 105. The sharesholders did not declera (approve ) the Proposed Divident .

Answer 1

Woriking Notes : `{:("Calculation of Net Profit before Tax and Extraordinary Items :",,("₹")),("Surplus, i.e, Balance in Statement of Profit and Loss (Closing)",,"35,000"),(Less : "Surplus, i.e., Balance in Statement of Profit and Loss (Opening)",,underline"30,000"),("Profit for the year",,"5,000"),(Add : "Transfer to General Reserve (₹ 33,000 - ₹ 20,000)",,"13,000"),(" Provision for Tax",,"15,000"),(" Interim Dividend Paid",,underline"25,000"),(,,underlineunderline"58,000"):}`