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Model Test Papers M.109

5. Cash and Cash Equivalents
Cash in Hand 70,000 50,000
Bank Balance 3,05,000 2,90,000
3,75,000 3,40,000
* Proposed Dividend for FY 2016–17 approved by shareholders in the FY 2017–18 and paid in FY 2017–18.
** Proposed Dividend for FY 2015–16, approved (declared) by shareholders in FY 2016–17 and paid in 2016–17.
Additional Information:
(i) Contingent Liability:
31st March, 2018 31st March, 2017
Proposed Dividend 20% 15%
(ii) Income Tax paid during the year includes ` 15,000 paid towards Dividend
Distribution Tax.
(iii) Land and Building of Book Value ` 1,50,000 was sold at a Profit of 10%.
(iv) Rate of Depreciation on Plant and Machinery is 10%. (6)