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Q50. Following is the Balance Sheet of Sonal Ltd:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 6,00,000 1,28,000 | 5,50,000 70,000 |
| Current Liabilities (a) Trade Payables (b) Short-term Provisions | 1,22,000 50,000 | 88,000 40,000 |
| Total | 9,00,000 | 7,48,000 |
| II. Assets | ||
| Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill) | 3,70,000 90,000 | 2,80,000 1,15,000 |
| Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents | 10,000 1,82,000 1,57,000 91,000 | 15,000 1,00,000 1,57,000 81,000 |
| Total | 9,00,000 | 7,48,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| Share Capital Equity Share Capital 10% Preference Share Capital | 5,00,000 1,00,000 | 4,00,000 1,50,000 |
| 6,00,000 | 5,50,000 | |
| Reserves and Surplus Securities Premium General Reserve Surplus, i.e., Balance in Statement of Profit & Loss | 10,000 70,000 48,000 | – 40,000 30,000 |
| 1,28,000 | 70,000 | |
| Short-term Provisions Provision for Tax | 50,000 | 40,000 |
| 50,000 | 40,000 |
Additional Information:
- Proposed dividend for the years ended 31st March, 2023 and 2022 were ₹ 60,000 and ₹ 50,000 respectively.
- A machine costing ₹ 50,000 (depreciation provided thereon ₹ 30,000) was sold for ₹ 10,000.
- Depreciation charged during the year was ₹ 20,000.
- Interim dividend paid ₹ 20,000.
- Income Tax paid ₹ 35,000.
Prepare a Cash Flow Statement for the year ended 31st March, 2023, complying with AS-3 (Revised)
SOLUTION:
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