Professional Documents
Culture Documents
and
Equity 136,225
NCL 100,000
COL 70,000
C Non op CL 12,000
318,225
NCA 68,750
CA 249,475
318,225
Balance Sheet Income Statement
Sources Incomes
Capital 100,000 Sales 120,000
12% Loan 100,000 Dividend 5,000
Interest Payable 12,000 125,000
OPEX Payable 20,000 Expenses
RP 36,225 interst 12000
Creditors 50,000 Dep 16250
318,225 OPEX 20,000
Assets COGS 25000
Shares 20,000 73250
Stock 25,000 PBT 51,750
Plant 65,000 Tax 15,525
less AD -16,250 PAT 36,225
Debtors 120,000
Cash 104,475
318,225
CFS
Opening
CFO -15,525
CFF 200,000
CFI -80,000
Closing 104,475
CFO
PAT 36,225
Dep 16250
interest 12000
Dividend -5,000
Increase in Debtors -120,000
Increase in OPEX Payable 20,000
Increase in Credits 50,000
Increase in stock -25,000
-15,525
Retained Profit/Reserves
Opening Reserves 0
Current PAT 36,225
less
Cash dividend 0
Stock dividend 0
Closing Reserves 36,225
CFO
PAT 0
non cash items 0
Depreciation
Amoritsation
non operating
Interest (exp)
interest (inc)
Dviv(income
Changes in OCA and OCL 0
Change In Debtors
Change in creditors
Change in stock
Change in OPEX payambe
Change in Tax payable
Change in advance from customers
CFO
CFS
Opening 0
CFO -15,525
CFF 200,000
CFI -80,000
Closing 104,475
CFO
PAT 36,225
Dep 16250
int 12000
Dividend -5,000
Increase in Debtors -120,000
Increase in OPEx Payable 20,000
Increase in Crditors 50,000
Increase in stock -25,000
-15,525
Stock
Opening Stock 0
Add Pur 50000 missing figure: assume as the Credit purchase
less
COGS 25,000
Closing stock 25,000
Creditors
opening 0
add
Purchases 50000
less
Payments 0 missing figure
closing 50,000
Debtors
Openings 0
Add
credit sales 120,000
less
Collections 0
Bad Debts 0
Discounts 0
Sales Returns 0
Closing 120,000
Balance Sheet Income statement
2,015 2,016 Incomes
Sources Sales
Capital (5) 100,000 102,500
Reserves (Retained Profit) 350,000 993,650 Expenses
10% Loan 100,000 100,000 COGS
Creditors 100,000 550,000 Dep furn
8% Convertible Bonds 100,000 100,000 Dep comput
Share PREmium 47,500 Dep on eqip
MLtd 100,000 int
Tax Payble 275,850
750,000 2,269,500 int on CD
Assets
Shares of X ltd 200,000 200,000 PBT
Stock 150,000 135,000 Tax
Cash 200,000 107,000 PAT
Debtors 200,000 1,640,000
Furniture 75,000
less AD -15,000
Computer 50,000
less AD -10,000
Equipment 100,000
less AD -12,500
750,000 2,269,500
Computer 50,000
less AD -10,000 Imp loss
Equipment 100,000 BV
less AD -12,500 MV
Add Rev Gain 32,500
750,000 2,254,500 Imp loss
a) Inventory related
Purchased 10000 units @ 45 on credit
Sold 12000 units @ 120 on credit
b) Purchased furniture on 1st April for cash=75,000.
c) Purhcased computer on 1st October =50,000 paid by issuing shares at the
market price of 100.
d) Purchased Equipments from Mltd on credit on 1st January 2016 : 100000
e) Depreciation Rates
Furniture: 20% (SLM)
Computer: 40% (RBM)
Equipments: 50% (RBM)
e statement CFS CFS
Opening 200,000 Open 200,000
1,440,000 Receipts
CFO 0
CFF -18,000
465,000 CFI -75,000
15,000 Payments CIH 107,000
10,000 Furniture 75,000
12,500 int 18,000 Relevant AS
10,000 Tax 0
15,000 93,000 AS -2 inventory
Revaluation Reserves
45,000 BV 87,500
120,000 MV 120,000
RR 32,500
60,000
45,000
-15,000
Stock Statement
Opening 5,000 30 150,000
purchase 10,000 45 450,000
15,000 600,000
COGS
12,000
5,000 30 150,000
7,000 45 315,000
465,000
Computer 50000
Iprice 100
no of share 500
Capital 2500 500*5
S Premium 47500 500*95
shares at the
016 : 100000
Stock Statement
Opening 5,000 30 150,000
purchase 10,000 45 450,000
15,000 600,000
COGS
12,000
5,000 30 150,000
7,000 45 315,000
465,000
Computer 50000
Iprice 100
no of share 500
Capital 2500 500*5
250,000
Assets
Cash 50,000
Debtors 70,000
Stock ( 2000 units) 30,000
Plant 200,000
less A. Depreciation -100,000
250,000
Stock 150,000
Cash 200,000
Debtors 200,000
750,000 0
Bonds are convertible into shares at the market price of shares
Transactions
Sold 50% Stock 300,000
Expenses
Payments
Balance Sheet of A ltd
Capital (5) 100,000
Reserves 300,000
10% Convertible Bonds (100) 100,000
Creditors 50,000
550,000
Cash 200,000
Stock 100,000
Debtors 100,000
Fixed assets 150,000
550,000
Additional information: Profit after tax (PAT
) = 50,000; Depreciation = 10,000;
Opening Debtors = 135,000; Opening
Creditors = 60,000; Opening convertible
bonds = 150,000; Ke = 18%.
Find the following:
Cash from operating activities (CFO),
EPS
ivities (CFO),
Balance Sheet of A ltd
Capital (5) 100,000 Additional information:
Reserves 300,000 ) = 50,000; Depreciatio
10% Loan 100,000 Opening Debtors = 135
Creditors 50,000
Creditors = 60,000; Ope
550,000
bonds = 150,000; Ke =
Cash 200,000
50% Loan was paid off a
Stock 100,000
year
Debtors 100,000
Find the following:
Fixed assets 150,000
550,000
Cash from operating ac
EPS
tional information: Profit after tax (PAT Examine the impact of the following
0,000; Depreciation = 10,000; EVA
ning Debtors = 135,000; Opening
itors = 60,000; Opening convertible a) Collection from old debtors =100%
ds = 150,000; Ke = 18%. b) Used the cash available to pay off
Loan was paid off at the end of the loan
c) Distribution of cash dividend :50%
the following: d) Distribution of stock dividend in th
from operating activities (CFO), ratio of 1:2
act of the following on
Plant 250,000
AD -100,000
696,000
50000
0.2
CFS
:Transactions
Purchased stock =10000 on credit
Collections from old debtors = 30%
Bad debts = 23000
Sold entire stock for cash :350,000
Admin expenses = 20,000
Selling expenses =15% of sales
Company charges Depreciation using
.SLM. Plant is 2 years old
At the beginning of the year changed the method to
.RBM at 50%
edit
30%
,000
s
n using
Creditors 125000
796,000
Asset
Cash 312,000
Stock 214,000
Debtors 200,000
Plant 350,000
AD -280,000
796,000
CFS :Transactions
Collections from old debtors = 90%
Balance given as Discount
Sold entire stock for cash :450,000
Admin expenses = 20,000
Company charges Depreciation using SLM @ 10%
Market value of the plant 250,000
Company decides to revalue the plant
M @ 10%
Transactions for the year 2014 Balance Sh
10th April: Purchases 2000 units of material 20 per unit Sources
Sales on 1st October 1500 units @ 80 on credit Capital
Dep on plant 20% Reserves
Market value of the stock on 31st march 30 10% loan
Market value of the plant 70,000 Creditors
Assets
Cash
Debtors
Stock ( 2
Plant
less A. Dep
Balance Sheet Income Statement CFS
2013 Incomes open
50000 Receipts
100000
80000
20000
Expenses
250000 Payments
50000
70000
30000
200000
-100000
PBT
Tax
250000 PAT CIH
CFS
Open
CFO
CFF
CFI
Closing
CFO
PAT
Transactions for the year 2013 -14
10th April: Purchases 2000 units of material for cash
15th May: Purchased 1000 units of material on credit
20th May Purchased 5000 units of material
payment made by issue of shares at face value
Sales on 1st October 4500 units @ 80 for cash
Dep on plant (SLM)
Market value of the stock on 31st march
Additional information
Case I
At the end of the year sold the plant for
Case II
MV of the Plant at the end of the year
Case III
Company changed the method of depreciation to RBM
3 -14 Balance Sheet asa aon 31st March
35 per unit Sources 2013 2014
42 per unit Capital (10) 100,000
45 per unit Reserves 460,000
10% loan 200,000
Creditors 40,000
20%
48 800,000
Assets
Cash 440,000
Debtors 140,000
100,000 Stock ( 2000 unit 60,000
Plant 400,000
less A. Depreciatio n -240,000
50,000
50% 800,000
Income Statement CFS
Incomes open
Receipts
Expenses
Payments
PBT
Tax
PAT CIH