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Q45. Following is the Balance Sheet of X Ltd as at 31st March, 2018:
| Particulars | 31st March, 2018 (₹) | 31st March, 2017 (₹) |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 19,00,000 6,00,000 | 17,00,000 3,00,000 |
| Non-Current Liabilities Long-term Borrowings | 5,00,000 | 4,00,000 |
| Current Liabilities (a) Short-term Borrowings (b) Short-term Provisions | 1,70,000 2,00,000 | 1,75,000 1,65,000 |
| Total | 33,70,000 | 27,40,000 |
| 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 | 24,00,000 2,00,000 3,00,000 | 19,00,000 3,00,000 2,00,000 |
| Current Assets (a) Current Investments (b) Inventories (c) Cash and Cash Equivalents | 1,40,000 2,60,000 70,000 | 1,70,000 1,30,000 40,000 |
| Total | 33,70,000 | 27,40,000 |
| Particulars | 31st March, 2018 (₹) | 31st March, 2017 (₹) |
| Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss | 6,00,000 | 3,00,000 |
| 6,00,000 | 3,00,000 | |
| Long-term Borrowings 12% Debentures | 5,00,000 | 4,00,000 |
| 5,00,000 | 4,00,000 | |
| Short-term Borrowings Bank Overdraft | 1,70,000 | 1,75,000 |
| 1,70,000 | 1,75,000 | |
| Short-term Provisions Provision for Tax | 2,00,000 | 1,65,000 |
| 2,00,000 | 1,65,000 | |
| Property, Plant and Equipment Machinery Less: Accumulated Depreciation | 26,00,000 (2,00,000) | 20,00,000 (1,00,000) |
| 24,00,000 | 19,00,000 | |
| Intangible Assets Goodwill | 2,00,000 | 3,00,000 |
| 2,00,000 | 3,00,000 |
Additional Information:
(i) ₹ 1,00,000, 12% Debentures were issued on 1st April, 2017.
(ii) During the year, a piece of machinery costing ₹ 80,000 on which accumulated depreciation was ₹ 40,000 was sold at a gain of ₹ 10,000.
Prepare a Cash Flow Statement.
SOLUTION:
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