The Balance Sheet of A Ltd. as at 31.3.2022 and 31.3.2021 were as follows Share Capital ₹ 60,000 Reserve and Surplus ₹ 41,000
The Balance Sheet of A Ltd. as at 31.3.2022 and 31.3.2021 were as follows:
| Particulars | Note. No. | 31st March, 2023 | 31st March, 2022 |
| I. EQUITY AND LIABILITIES: | |||
|
(1) Shareholder’s Funds: (a) Share Capital (b) Reserve and Surplus |
60,000 41,000 |
50,000 46,000 |
|
|
(2) Non-Current Liabilities: Long-term Borrowings |
25,000 | 20,000 | |
|
(3) Current Liabilities (a) Trade Payables (b) Short term Provisions |
12,000 17,000 |
10,000 20,000 |
|
| Total | 1,55,000 | 146,000 | |
| II. ASSETS: | |||
|
(1) Non-Current Assets: (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant and Equipment (Machinery) |
1,00,000 | 90,000 | |
|
(2) Current Assets: (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents |
24,000 26,000 5,000 |
20,000 32,000 4,000 |
|
| Total | 1,55,000 | 1,46,000 |
Notes to Accounts:-
| 31.3.2023 | 31.3.2022 | |
|
(1) Reserve & Surplus: General Reserve Profit & Loss Balance |
8,000 33,000 |
5,000 41,000 |
| 41,000 | 46,000 | |
|
(2) Short term Provision: Income Tax Provision |
17,000 | 20,000 |
Additional Information:
(i) Depreciation written off on machinery was ₹ 18,000.
(ii) Interest paid on Long-term Borrowings amounted to ₹ 3,000.
(iii) Income tax of ₹ 15,000 has been paid.
Prepare a Cash Flow Statement.
[Ans. Cash Flow from Operating activities ₹ 17,000; Cash used in investing activities ₹ 28,000; Cash from financing activities ₹ 12,000; Income tax provision made ₹ 12,000.]
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