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M.60 An Aid to Accountancy—CBSE XII
22. (a) State any two limitations of Financial Statement Analysis.

(b) State under which major headings and sub-headings the following items will
be presented in the Balance Sheet of a company as per Schedule III of the
Companies Act, 2013:

(i) Calls-in-Arrears;
(ii) Calls-in-Advance;

(iii) Gain on reissue of forfeited equity shares;
(iv) Trade Payables to be settled beyond 12 months from the date of
Balance Sheet. (2 + 2)

23. From the following Balance Sheet of Powerful Ltd. as at 31st March, 2018 and additional
information, prepare a Cash Flow Statement:

Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 2,25,000 1,75,000
(b) Reserves and Surplus 1 62,500 25,000
2. Non-Current Liabilities
Long-term Borrowings 2 1,12,500 87,500
3. Current Liabilities
(a) Short-term Borrowings 3 37,500 18,750
(b) Short-term Provisions 4 50,000 31,250
Total 4,87,500 3,37,500

II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets 5 3,66,250 2,28,750
(ii) Intangible Assets 6 25,000 37,500
(b) Non-current Investments 37,500 25,000
2. Current Assets
(a) Current Investments 10,000 17,500
(b) Inventories 7 30,500 18,000
(c) Cash and Cash Equivalents 18,250 10,750
Total 4,87,500 3,37,500