1mark QuickAssets =Rs.6,46,000 1mark Inventory = CurrentAssets-QuickAssets =Rs.17,00,000–Rs.6,46,000 =Rs.10,54,000 = Ans.CurrentLiabilities= 4marks Rs.6,80,000Inventory Calculationof NetProfitRatio: 22.(a) NetProfitRatio= 2012-13 1mark NetProfitRatio = 1mark = 36% 2013-14 1 x2 = 2marks NetProfitRatio = = = 40% (b) 1+1+2 Values thatHimaniLtd. wants to communicateto thesociety: = 4marks Social responsibility. Welfareofemployees. 23. In the booksofKrishnaLtd. Cash FlowStatement Forthe yearended 31stMarch’14 Rs. Rs. Particulars CASH 1,90,000 Netprofitbeforetax (WorkingNote1)Add non 60,000 operating/non 60,000 cashitems:Depreciationonmachinery GoodwillWrittenoff 3,10,000 Operating 40,000 2marks (50,000) Add increaseinTrade Payables (2,00,000) Less Increasein 1,00,000 InventoriesIncrease (70,000) inTradeReceivables Cash flowfromoperatingactivities 30,000 CASH Cash generated ½mark fromoperationsLess Income (7,60,000) Taxpaid Cash Purchaseofmachinery used ininvestingactivities (7,60,000)
QuickAssets =Rs.6,46,000 Inventory = CurrentAssets-QuickAssets =Rs.17,00,000–Rs.6,46,000 =Rs.10,54,000 Ans.CurrentLiabilities= Rs.6,80,000Inventory 1mark 1mark = 4marks 22.(a) (b) Calculationof NetProfitRatio: NetProfitRatio= 2012-13 NetProfitRatio = = 36% 2013-14 NetProfitRatio = = 40% Values thatHimaniLtd. wants to communicateto thesociety: Social responsibility. Welfareofemployees. 1mark 1mark 1 x2 = 2marks = 1+1+2 = 4marks 23. In the booksofKrishnaLtd. Cash FlowStatement Forthe yearended 31stMarch’14 2marks ½mark Particulars Rs. Rs. CASH Netprofitbeforetax (WorkingNote1)Add non operating/non cashitems:Depreciationonmachinery GoodwillWrittenoff Operating Add increaseinTrade Payables Less Increasein InventoriesIncrease inTradeReceivables Cash generated fromoperationsLess Income Taxpaid 1,90,000 60,000 60,000 3,10,000 40,000 (50,000) (2,00,000) 1,00,000 (70,000) Cash flowfromoperatingactivities 30,000 CASH Purchaseofmachinery (7,60,000) Cash used ininvestingactivities (7,60,000)
1931372405acct.docx