Following is the Balance Sheet of Akash Ltd. as at 31st March, 2023, prepare Cash Flow Statement:
| Particulars | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
30,00,000 (4,25,000) |
20,00,000 (5,37,500) |
| Non-Current Liabilities Long-term Borrowings |
7,50,000 | 6,25,000 |
| Current Liabilities Trade Payables |
4,75,000 | 6,75,000 |
| Total | 38,00,000 | 27,62,500 |
| II. Assets | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment (Machinery) (b) Non-Current Investments |
17,25,000 3,00,000 |
12,50,000 5,00,000 |
| Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents |
10,00,000 6,00,000 1,75,000 |
7,50,000 1,12,500 1,50,000 |
| Total | 38,00,000 | 27,62,500 |
| Particulars | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss |
(4,25,000) | (5,37,500) |
| Long-term Borrowings 12% Debentures |
7,50,000 | 6,25,000 |
Additional Information:
- Debentures were issued on 1st January, 2023.
- Machinery costing ₹ 5,00,000 on which depreciation charged was ₹ 1,75,000 was sold for ₹ 3,75,000.
- Depreciation charged during the year amounted to ₹ 2,00,000.
- Non-Current Investments were sold at a profit of 20%.
Prepare Cash Flow Statement.
Solution :
