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3.12 Management Accounting (Section B)—ISC XII

II. ASSETS
1. Non-Current Assets
Fixed Assets:
(a) Tangible Assets 5 3,20,000 2,30,000
(b) Intangible Assets (Goodwill) 5,000 10,000
2. Current Assets
(a) Inventories 75,000 60,000
(b) Trade Receivables 6 26,000 28,000
(c) Cash and Bank Balances: Cash 50,000 40,000
(d) Other Current Assets 7 8,000 10,000
Total 4,84,000 3,78,000

Notes to Accounts
Particulars 31st March, 31st March,
2019 (`) 2018 (`)
1. Reserves and Surplus
General Reserve 30,000 30,000
Surplus, i.e., Balance in Statement of Profit and Loss 70,000 50,000
1,00,000 80,000
2. Long-term Borrowings
12% Debentures 69,000 51,000
12% Public Deposits 1,20,000 80,000
1,89,000 1,31,000
3. Short-term Borrowings
Cash Credit 1,000 3,000
4. Trade Payables
Creditors 10,000 8,000
Bills Payable 4,000 6,000
14,000 14,000
5. Fixed Assets (Tangible)
Building 2,20,000 1,50,000
Plant 1,00,000 80,000
3,20,000 2,30,000
6. Trade Receivables
Debtors 17,000 20,000
Bills Receivable 9,000 8,000
26,000 28,000
7. Other Current Assets
Accrued Income 6,000 10,000
Prepaid Expenses 2,000 ...
8,000 10,000

Additional Information:
(i) Depreciation charged on Building ` 10,000.
(ii) Depreciation charged on Plant ` 5,000.
(iii) Interest paid on Debentures ` 7,200 for the year.

(iv) Interest paid on Public Deposits ` 9,600 for the year.
From the above information, prepare Cash Flow Statement as per Accounting Standard-3
for the year ended 31st March, 2019. (ISC 2012, Modified)