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4.56 Analysis of Financial Statements—CBSE XII
Notes to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)
1. Reserves and Surplus
General Reserve 70,000 40,000
Surplus, i.e., Balance in Statement of Profit & Loss 48,000 30,000
1,18,000 70,000
2. Short-term Borrowings
Current Maturities of Long-term Debts ... 50,000
3. Trade Payables
Creditors 83,000 55,000
Bills Payable 16,000 20,000
99,000 75,000
4. Short-term Provisions
Provision for Tax 50,000 40,000
5. Property, Plant and Equipment
Land and Building 1,80,000 2,00,000
Plant 1,90,000 80,000
3,70,000 2,80,000
6. Trade Receivables
Debtors 2,00,000 1,60,000
Bills Receivable 30,000 20,000
2,30,000 1,80,000

Note: Proposed equity dividends for the years ended 31st March, 2023 and 2024 are ` 50,000 and
` 60,000 respectively.
Additional Information:
1. Depreciation of ` 10,000 and ` 20,000 have been charged on Plant and Land and Building respectively
in 2023–24.
2. An Interim Dividend of ` 20,000 has been paid in 2023–24.
3. Share Issue Expenses of ` 5,000 were incurred and written off in 2023–24 from the Statement of
Profit & Loss.
4. Income Tax ` 35,000 was paid during the year 2023–24.
[Ans.: Cash Flow from Operating Activities = ` 1,38,000; Cash Used in
Investing Activities = ` 1,20,000; Cash Used in Financing Activities = ` 25,000.
Net Decrease in Cash and Cash Equivalents = ` 7,000.]
24. From the following Balance Sheet of Clay Ltd., prepare Cash Flow Statement:
BALANCE SHEET as at 31st March, 2024
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 8,00,000 5,00,000
(b) Reserves and Surplus 1 3,50,000 2,05,000
2. Non-Current Liabilities
Long-term Borrowings (10% Debentures) 4,00,000 4,00,000
3. Current Liabilities
(a) Short-term Borrowings 2 50,000 1,00,000
(b) Trade Payables 3 75,000 1,00,000
(c) Other Current Liabilities 4 30,000 ...
(d) Short-term Provisions 5 65,000 50,000
Total 17,70,000 13,55,000