Cash flow Modeling

Given the following data and information prepare Profit and Loss A/C, Cash Flow Statement for
the year ended 31st March 2017 and Completed Balance Sheet as on 31st March 2017. Round off
your calculations to the nearest rupee (no decimal point)

Liabilities 31.03.2016 31.03.2017 Profit and Loss Data 31.03.2017

Share Capital 500000 600000 Sales 1830000
Reserves and Surplus 100000 ? Income from Investments 15000
Long Term Loans 320000 290000 Material Consumed 1220000
Creditors 80000 ? Salaries and wages 100000
1000000 ? Power and Fuel 70000
Assets Other expenses 20000
Gross Fixed Assets 840000 890000 Depreciation 100000
Less: Acc. Depreciation 90000 ? Interest 24000
Net Fixed Assets 750000 ?
Long Term Investments Nil 140000
Inventory 80000 ?
Debtors 100000 ?
Cash and Bank 70000 ?
1000000 ?
a) All sales are credit sales
b) As on 31st March 2017 debtors represent 60 days sales
c) As on 31st March 2017 inventory represent 1 months material consumed
d) Income tax 30%
e) Dividend paid to shareholders Rs.50000.
f) Creditors are equal to 4 weeks of material consumed.
g) The cash and bank balance as on 31.3.2017 should come from the Cash Flow Statement.