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FRA_Mid Term Examination_August 2015

Instructions:
Use the XL to answer the questions. Copy the
following and paste the same onto the word file
Question1: Relevant Cash Flows and write your
comments on the financing decisions and the
transactions in the word file
Question 2: Copy and paste the Income
Statement, Cash Flow Statement and Balance
Sheet
Upload your files (XL and Word File) onto the
AIS.
Duration of the test is 90 minutes hours. You will
be given 15 minutes for copying the XL onto the
Word File
No Clarifications during the test
Name and Roll Number
Set Name: C
C

Q1. Set C

Name and Roll Number Somya Ranjan Nayak UM15112


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FRA_Mid Term Examination_August 2015


Change In Debtors

19,00,000

It means out of 250000 600000 is paid for


Sales

Change In Retain Profit

6,43,700

Difference From PAT to


Retained Profit

Dividen
2,60,000 d

Name of the company C LTD(UM15112) Somya Ranjan Nayak

CFO

CFF

Receipts

Sales Of Goods

Receipts

6,00,000

Share
Premium

2,25,000

Issue Share

3,75,000

9% Bonds

4,00,000

Name and Roll Number Somya Ranjan Nayak UM15112


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FRA_Mid Term Examination_August 2015

Less Payments

Purchase Stock

Rent paid

Tax

5,00,000

50,000

3,87,300

10% Prefernce
Share

6,00,000

Less Payments

16,00,000

Dividend

2,60,000

Loan Paid

3,00,000

9,37,300

5,60,000

3,37,30
0

10,40,00
0

Cash Flow Statement

Name and Roll Number Somya Ranjan Nayak UM15112


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Indirect

FRA_Mid Term Examination_August 2015


Opening

4,50,000

PAT

Receipts

Interest

Sales Of Goods

Interest on 8%
Loan

Interest

Share Premium

600000

40000

Dep

225000

Salaries

Issue Share

375000

Increse
Computers

9% Bond

400000

Dec Advance
Rent

10% Preference
Share

600000

Increse Debtors

26,90,00
0

Payments

Stock Bought

Rent

Dividend

500000

50000

2,60,000

Name and Roll Number Somya Ranjan Nayak UM15112


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FRA_Mid Term Examination_August 2015


Loan

300000

Tax

3,87,300

M Shares

300000

10% Bond

4,00,000

Computer

400000

2597300

CIH

92,700

Q2.
Working Formula

Convt Creditors at Share PM

Total Shares
Offered

12500

Name and Roll Number Somya Ranjan Nayak UM15112


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92,700

FRA_Mid Term Examination_August 2015


Shares bought from market at
15

3000

Bought Price

45000

This won't impact as shareholder purchases


from Market

10% of Sales as Bonus Shares

90000

Share Issues at
10

9000

50% for Shares Tata Steel

364225

Name and Roll Number Somya Ranjan Nayak UM15112


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FRA_Mid Term Examination_August 2015

Name of the company: CC LTD

Name of the company:CC LTD

Income Statement

Balance Sheet as on 31st March

Sources

2011

2012

Capital (5)

1,00,000

197500

Sales

Reserves

5,00,000

5,87,45
0

10% Bond

8% Loan

1,50,000

1,50,00
0

10% STL

1,00,000

1,00,00
0

Creditors

125000

Share PM

Cash

Incomes

62500

900000

11500

911500

Rec

Sales

Debts Co

10% bon
Received

Expenss

Stock On credit

150000

COGS

140000

Paym

Salary Payable

5000

Salary

60000

Salary Pa

Name and Roll Number Somya Ranjan Nayak UM15112


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FRA_Mid Term Examination_August 2015

CRR

10000

Comission

90000

Buy Bac

Comission payable

90000

Dep On
Equip

35000

Buyback
Premium

Bonus Share PM

45000

Dep On
plant

26000

Know to

Ammortise

25000

Int On lo

Int on Loan

12000

Int On ST

Int to STL

10000

Tax

398000

Div

9,75,000

139745
0

Assets

2,30,000

3,64,22
5

Stock (2000 units)

2,00,000

2,10,00
0

Debtors

2,00,000

100000

PBT

513500

-35000

Tax

154050

CIH

1,00,00
0

PAT

359450

Tata Stee

Cash

Dep Equipment

Equipments

1,00,000

-26000

Depreciation Plant

Plant

1,30,000

1,30,00
0

Name and Roll Number Somya Ranjan Nayak UM15112


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Total CIH

FRA_Mid Term Examination_August 2015

10% Bonds

1,15,000

1,15,00
0

Know to how

100000

Tata Steel Share

364225

-25000

Ammortise

9,75,000

13,97,4
50

Name and Roll Number Somya Ranjan Nayak UM15112


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