T S Grewal Solutions Q No 16 to 45
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T S Grewal Solutions Q No 16 to 45 Read More »
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Cash Flow Statement – Q Nos 16 to 45
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Q No 1 to 15 Cash Flo Statement
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Cash Flow Statement – Q No 6 to 10
| 6 | |||||||||||
| Balance in Surplus as on 31-Mar-2021 | 720000 | ||||||||||
| Less | Balance in Surplus as on 31-Mar-2020 | 400000 | |||||||||
| Addition to Surplus in 2020-2021 | 320000 | ||||||||||
| Add | Proposed Equity Dividend for year ended 31-Mar-2020 | 160000 | |||||||||
| Add | Interim Dividend | 40000 | |||||||||
| Add | Preference share dividend | 60000 | (2019-2020) | ||||||||
| Net Profit before tax and extra ordinary items | 580000 | ||||||||||
| Note : | |||||||||||
| Proposed dividend for the year ended 31-Mar-2020 is assumed to be paid this year | |||||||||||
| It is added back here as it is deducted for arriving at the balance in Surplus as on 31-Mar-2021. | |||||||||||
| Unpaid Dividend in balance sheet is a liability and does not impact Net Profits | |||||||||||
| Since equity dividend is paid so the preference share dividend must have been paid | |||||||||||
| 7 | Balance in Surplus as on 31-Mar-2021 | 200000 | |||||||||
| Less | Balance in Surplus as on 31-Mar-2020 | 145000 | |||||||||
| Addition to Surplus in 2020-2021 | 55000 | ||||||||||
| Add | Proposed Equity Dividend for year ended 31-Mar-2020 | 50000 | |||||||||
| Add | Interim Dividend | 10000 | |||||||||
| Add | Provision for Tax | 50000 | CY | ||||||||
| Net Profit before tax and extra ordinary items | 165000 | ||||||||||
| 8 | Closing Balance of Surplus | 336000 | |||||||||
| Less | Opening Balance of Surplus | 100000 | 236000 | ||||||||
| Addition to Surplus in 2020-2021 | 236000 | ||||||||||
| Add | Dividend paid in the current year | 72000 | |||||||||
| Add | Interim Dividend | 90000 | |||||||||
| Add | Transfer to Reserves | 100000 | (Appropriation of profits) | ||||||||
| Add | Provision for Tax | 150000 | (non cash item) | ||||||||
| Add | Loss due to earthquake | 200000 | (Extra Ordinary Loss) | ||||||||
| 848000 | |||||||||||
| Less | Refund of Tax | 3000 | |||||||||
| Less | Insurance proceeds for loss due to earthquake | 100000 | (Extra Ordinary Income) | ||||||||
| Net Profit before tax and extra ordinary items | 745000 | ||||||||||
| Note : | |||||||||||
| Refund of tax is deducted as it is credited to Profit and Loss A/c and hence is included in balnace in Surplus | |||||||||||
| 9 | Closing Balance of Surplus | 672000 | |||||||||
| Less | Opening Balance of Surplus | -200000 | |||||||||
| Addition to Surplus in Current Year | 872000 | ||||||||||
| Add | Dividend paid in the current year | 144000 | |||||||||
| Add | Interim Dividend | 180000 | |||||||||
| Add | Transfer to Reserve | 200000 | (Appropriation of profits) | ||||||||
| Add | Provision for Tax | 300000 | (Profit before tax is required) | ||||||||
| Add | Loss due to earthquake | 400000 | (Extra Ordinary Loss) | ||||||||
| 2096000 | |||||||||||
| Less | Refund of Tax | 6000 | |||||||||
| Less | Insurance proceeds for loss due to earthquake | 200000 | (Extra Ordinary Income) | ||||||||
| Net Profit before tax and extra ordinary items | 1890000 | ||||||||||
| 10 | Net Profit before tax and extra ordinary items | 447000 | |||||||||
| Add | Non Cash Expenses | ||||||||||
| Depreciation on Machinery | 84000 | ||||||||||
| Goodwill Amortised | 18600 | ||||||||||
| Less | Non Cash Income | ||||||||||
| Add | Non Operating Expenses and Losses | ||||||||||
| Interest on Borrowings | 16800 | ||||||||||
| Loss on sale of furniture | 18000 | ||||||||||
| Less | Non Operating Income and Gains | ||||||||||
| Gain on sale of investments | 12000 | ||||||||||
| Interest and Dividend received on investments | 27600 | ||||||||||
| Operating Profit Before working capital changes | 544800 | ||||||||||
Cash Flow Statement – Q No 6 to 10 Read More »
| 1 | a | Operating Activity | ||||||||||
| b | Operating Activity | |||||||||||
| c | Operating Activity | |||||||||||
| d | Operating Activity | |||||||||||
| e | Investing Activity | |||||||||||
| f | Cash and Cash Equivalents | |||||||||||
| g | Financing Activity | Overdraft is a borrowing | ||||||||||
| h | Financing Activity | |||||||||||
| i | Investing Activity | |||||||||||
| j | Financing Activity | |||||||||||
| k | Operating Activity | |||||||||||
| l | Financing Activity | |||||||||||
| m | Financing Activity | |||||||||||
| n | Investing Activity | |||||||||||
| o | Operating Activity | |||||||||||
| p | Investing Activity | |||||||||||
| q | Operating Activity | |||||||||||
| r | Operating Activity | |||||||||||
| 2 | ||||||||||||
| Financial | Non Financial | |||||||||||
| a | Operating | Investing | ||||||||||
| b | Operating | Investing | ||||||||||
| c | Financing | Financing | ||||||||||
| d | Operating | Investing | ||||||||||
| e | Operating | Financing | ||||||||||
| f | Operating | Financing | ||||||||||
| 3 | a | Cash Inflow | 110000 | |||||||||
| b | Cash Inflow | |||||||||||
| c | Cash Outflow | |||||||||||
| d | No Cash Flow | |||||||||||
| e | No Cash Flow | |||||||||||
| f | No Cash Flow | |||||||||||
| g | Cash Outflow | |||||||||||
| 4 | a | Cash Outflow from Investing activity | 50000 | |||||||||
| No Cash Flow | 200000 | |||||||||||
| b | Cash Outflow from Investing activity | 250000 | Investment | |||||||||
| Cash Inflow from investing activity | 50000 | Dividend | ||||||||||
| c | Cash Inflow from investing activity | 60000 | ||||||||||
| 5 | ||||||||||||
| Balance in Surplus as on 31-Mar-2021 | 1000000 | |||||||||||
| Less | Balance in Surplus as on 31-Mar-2020 | 500000 | ||||||||||
| Addition to Surplus in 2020-2021 | 500000 | |||||||||||
| Add | Proposed Dividend for year ended 31-Mar-2020 | 400000 | ||||||||||
| Net Profit before tax and extra ordinary items | 900000 | |||||||||||
| Note : | ||||||||||||
| Proposed dividend for the year ended 31-Mar-2020 is assumed to be paid this year | ||||||||||||
| It is added back here as it is deducted for arriving at the balance in Surplus as on 31-Mar-2021. | ||||||||||||
| Dividend Payable in balance sheet is a liability and does not impact Net Profits | ||||||||||||
new post
| 1 | a | widespread industrialization | |
| 2 | c | tertiary sector | |
| 3 | c | tertiary sector | |
| 4 | b | China | |
| 5 | c | Pakistan | |
| 6 | b | China | |
| 7 | a | Mixed Economy | |
| 8 | c | It does not account for liberty indicators | |
| 9 | a | Political Freedom | |
| 10 | d | All of the above | |
| 11 | b | Pakistan | |
| Fill in the Blanks | |||
| 1 | private | ||
| 2 | mixed | ||
| 3 | China | ||
| 4 | greater | ||
| 5 | Pakistan | ||
| 6 | 1979 | ||
| 7 | $ 3.2 | ||
| 8 | India | ||
| 9 | Commune System | ||
| 10 | Political | ||
| True or False | |||
| 1 | FALSE | Launched in China | |
| 2 | TRUE | ||
| 3 | FALSE | By Mao | |
| 4 | FALSE | ||
| 5 | TRUE | ||
| 6 | TRUE | ||
| 7 | FALSE | related to agriculture | |
| 8 | FALSE | ||
| 9 | TRUE | remittances from abroad in the form of loans | |
| 10 | TRUE | ||
| Match the true statement | |||
| a | FALSE | One child policy started in 1979 | |
| b | TRUE | started by Mao Zedong in 1965 | |
| c | FALSE | started in 1991 | |
| d | FALSE | started in 1978 | |
| Chooose the correct chronological order | |||
| 1 | iv | 1965 | One child Policy |
| i | 1988 | Economic reforms in Pakistan | |
| ii | 1991 | NEP in India | |
| iii | 1958 | Commune system in China | |
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