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Model Test Papers M.363

Or
(a) State two objectives of Comparative Statements.
(b) Prepare Common-size Balance Sheet from the following information:
31st March, 2018 (`) 31st March, 2017 (`)
Shareholders’ Funds 6,00,000 9,00,000
Non-current Liabilities 3,00,000 3,00,000
Current Liabilities 1,00,000 3,00,000
Non-current Assets 7,00,000 10,50,000
Current Assets 3,00,000 4,50,000
(1 + 3)
23. From the following information, prepare Cash Flow Statement:

Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 3,50,000 3,00,000
(b) Reserves and Surplus 1 70,000 50,000
2. Non-Current Liabilities
Long-term Borrowings (12% Debentures) 80,000 1,00,000
3. Current Liabilities
(a) Short-term Borrowings (Bank Loan) 15,000 25,000
(b) Trade Payables 1,65,000 60,000
Total 6,80,000 5,35,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets—Tangible 2 4,10,000 3,00,000
(b) Non-Current Investments 40,000 50,000
2. Current Assets
(a) Inventories 52,000 30,000
(b) Trade Receivables 60,000 40,000
(c) Cash and Cash Equivalents 1,18,000 1,15,000
Total 6,80,000 5,35,000

Notes to Accounts
Particulars 31st March, 31st March,
2018 (`) 2017 (`)

1. Reserves and Surplus
Capital Reserve 2,000 ...
Securities Premium Reserve 5,000
Less: Share Issue Expenses 5,000 ... ...
General Reserve 33,000 20,000
Surplus, i.e., Balance in Statement of Profit and Loss 35,000 30,000
70,000 50,000
2. Fixed Assets—Tangible
Machinery (Cost) 4,70,000 3,50,000
Less: Accumulated Depreciation 60,000 50,000
4,10,000 3,00,000