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Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:
Particulars 31st March, 2017 (₹) 31st March, 2016 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus 3,00,000 25,000 1,00,000 1,20,000
Non-Current Liabilities Long-term Borrowings 80,000 60,000
Current Liabilities (a) Trade Payables (b) Short-term Provisions 6,000 68,000 20,000 70,000
Total 4,79,000 3,70,000
II. Assets
Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment 3,36,000 1,92,000
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents (d) Other Current Assets 67,000 51,000 25,000 60,000 65,000 49,000 4,000
Total 4,79,000 3,70,000
Particulars 31st March, 2017 (₹) 31st March, 2016 (₹)
Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss 25,000 1,20,000
25,000 1,20,000
Long-term Borrowings 10% Long-term Loan 80,000 60,000
80,000 60,000
Short-term Provisions Provision for Tax 68,000 70,000
68,000 70,000
Property, Plant and Equipment Machinery Accumulated Depreciation 3,84,000 (48,000) 2,15,000 (23,000)
3,36,000 1,92,000
Additional Information: (i) Additional loan was taken on 1st July, 2016. (ii) Tax of ₹ 53,000 was paid during the year. Prepare Cash Flow Statement. [Ans.: Cash Used in Operating Activities = ₹ 67,500; Cash Used in Investing Activities = ₹ 1,69,000; Cash Flow from Financing Activities = ₹ 2,12,500; Net Decrease in Cash and Cash Equivalents = ₹ 24,000.]
Anurag Pathak Changed status to publish August 29, 2023
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