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Q46. Following was the Balance Sheet of M.M. Ltd as at 31st March, 2023:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 5,00,000 2,00,000 | 4,00,000 (50,000) |
| Non-Current Liabilities Long-term Borrowings | 4,50,000 | 4,50,000 |
| Current Liabilities (a) Short-term Borrowings (b) Short-term Provisions | 1,50,000 70,000 | 1,00,000 90,000 |
| Total | 13,70,000 | 9,90,000 |
| II. ASSETS | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (b) Non-Current Investments | 10,03,000 20,000 1,00,000 | 7,20,000 30,000 75,000 |
| Current Assets (a) Current Investments (b) Inventories (c) Cash and Cash Equivalents | 50,000 1,07,000 90,000 | 60,000 45,000 60,000 |
| Total | 13,70,000 | 9,90,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss | 2,00,000 | (50,000) |
| 2,00,000 | (50,000) | |
| Long-term Borrowings 12% Debentures | 4,50,000 | 4,50,000 |
| 4,50,000 | 4,50,000 | |
| Short-term Borrowings Current Maturities of Long-term Debts (12% Debentures) Bank Overdraft | – 1,50,000 | 50,000 50,000 |
| 1,50,000 | 1,00,000 | |
| Short-term Provisions Provision for Tax | 70,000 | 90,000 |
| 70,000 | 90,000 | |
| Property, Plant and Equipment Machinery Less: Accumulated Depreciation | 12,03,000 (2,00,000) | 8,21,000 (1,01,000) |
| 10,03,000 | 7,20,000 | |
| Intangible Assets Goodwill | 20,000 | 30,000 |
| 20,000 | 30,000 | |
| Inventories Stock-in-Trade | 1,07,000 | 45,000 |
| 1,07,000 | 45,000 |
Additional Information:
- 12% Debentures were redeemed on 31st March, 2023.
- Tax ₹ 70,000 was paid during the year
Prepare Cash Flow Statement.
SOLUTION:
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