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M.338 An Aid to Accountancy—CBSE XII

Or
(b) What is meant by ‘Time Series Analysis’?
(b) What is meant by ‘Cross Sectional Analysis’?
(c) State any two objectives of financial analysis. (1 + 1 + 2 = 4)
23. From the following information, prepare a Cash Flow Statement:
BALANCE SHEET as at 31st March, 2018
Particulars Note 31st March, 31st March,
No. 2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 10,00,000 10,00,000
(b) Reserves and Surplus 1 6,00,000 3,00,000
2. Non-Current Liabilities
Long-term Borrowings 2 8,00,000 6,00,000
3. Current Liabilities
(a) Short-term Borrowings 3 4,50,000 4,00,000
(b) Trade Payables 4,50,000 6,00,000
(c) Short-term Provisions 4 2,00,000 1,00,000
Total 35,00,000 30,00,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets—Tangible 5 19,00,000 15,00,000
(b) Non-current Investments 3,00,000 4,00,000
2. Current Assets
(a) Inventories 5,50,000 4,00,000
(b) Trade Receivables 4,50,000 4,00,000
(c) Cash and Cash Equivalents 3,00,000 3,00,000
Total 35,00,000 30,00,000
Notes to Accounts
Particulars 31st March, 31st March,
2018 (`) 2017 (`)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss 6,00,000 3,00,000
2. Long-term Borrowings
12% Debentures 8,00,000 6,00,000
3. Short-term Borrowings
Bank Overdraft 4,50,000 4,00,000
4. Short-term Provisions
Provision for Tax 2,00,000 1,00,000
5. Fixed Assets—Tangible
Machinery 19,00,000 15,00,000

Additional Information:
(a) A piece of machinery costing ` 50,000, on which depreciation of ` 20,000 had been
charged was sold for ` 10,000. Depreciation charged during the year was ` 1,70,000.
(b) New Debentures were issued on 1st August, 2017.
(c) During the year ` 1,00,000 were paid as interim dividend.
(d) Dividend @ 15% was proposed for the year ended 31st March, 2017 and @ 10% was
proposed for the year ended 31st March, 2018. (6)