Subject: Accountancy, asked 4 weeks ago

Following was the balance sheet of M.M. Ltd. As at 31st March, 2015 (6)
Particulars Note No. 31st march, 2016 31st March, 2015
I. Equity and liabilities
1. Shareholder?s Funds
a. Share capital 2,00,000 2,00,000
b. Reserves and surplus 1 1,00,000 45,000
2. Non current liabilities
Long term borrowings 2 40,000 30,000
3. Current liabilities
a. Short term borrowings 3 10,000 10,000
b. Trade Payables 4 60,000 55,000
c. Other Current Liabilities 5 5,000 ___
d. Short term provisions 6 25,000 20,000
Total 4,40,000 3,60,000
II. Assets
1. Non current assets
a. Fixed assets:
i. Tangible assets 7 2,30,000 1,80,000
ii. Intangible assets 20,000 30,000
2. Current Assets
a. Current investments 8 30,000 20,000
b. Inventories 60,000 50,000
c. Trade receivables 9 65,000 70,000
d. Cash and cash equivalents 35,000 10,000
Total 4,40,000 3,60,000
Notes to Accounts
Particulars 31/03/ 2016 31/03/2015
1. Reserves and surplus
General Reserve 20,000 5,000
Surplus, i., balance in statement of profit and loss 80,000 40,000
1,00,000 45,000
2. Long term borrowings
10% Mortgage Loan 40,000 30,000
3. Short term borrowings : Bank Overdraft 10,000 10,000
4. Trade Payables
Creditors 50,000 40,000
B/P 10,000 15,000
60,000 55,000
5. Other Current Liabilities
Unclaimed Dividend 5,000 ____
6. Short term Provisions
Provision for Tax 25,000 20,000
7. Fixed Assets :
(Tangible) Plant & Machinery 2,30,000 1,80,000
(Intangible) Branding 20,000 30,000

8. Current Investments: Marketable Securities 30,000 20,000
9. Trade Receivables
Debtors 55,000 40,000
B/R 10,000 30,000

Additional information:
i. Depreciation on Machinery Rs. 20,000
ii. Dividend Declared & paid @10%.
iii. Tax paid during the year Rs. 18,000
iv. Addition in Mortgage loan took place on 1/10/2015.
v. Interest paid on Bank Overdraft Rs.1,000
From the above Balance Sheet prepare a cash flow statement as per AS 3 of the Companies Act (Revised).

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