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Q44. 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.
SOLUTION:
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