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Cash Flow Statement—Based on Accounting Standard-3 (Revised) 3.29

Additional Information:
1. Depreciation for the year was ` 1,10,000.
2. Bad Debts written off amounted to ` 15,000.
3. Income included excess provision written back ` 5,000.
4. Dividend received on investments ` 10,000.

7. Following is the Balance Sheet of Monica Ltd. as at 31st March, 2019:
Particulars Note No. 31st March, 31st March,
2019 (`) 2018 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 20,00,000 16,00,000
(b) Reserves and Surplus 1 9,00,000 8,00,000
2. Non-Current Liabilities
Long-term Borrowings 2 5,00,000 1,40,000
3. Current Liabilities
(a) Trade Payables 1,00,000 60,000
(b) Short-term Provisions 3 80,000 60,000
Total 35,80,000 26,60,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets 4 16,00,000 9,00,000
(ii) Intangible Assets 5 6,40,000 7,00,000
2. Current Assets
(a) Inventories 2,50,000 2,00,000
(b) Trade Receivables 5,00,000 3,00,000
(c) Cash and Bank Balances: Cash at Bank 5,90,000 5,60,000
Total 35,80,000 26,60,000

Notes to Accounts
Particulars 31st March, 31st March,
2019 (`) 2018 (`)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss 9,00,000 8,00,000
2. Long-term Borrowings
10% Debentures 5,00,000 1,40,000
3. Short-term Provisions
Provision for Tax 80,000 60,000
4. Tangible Assets
Machinery 17,60,000 10,00,000
Less: Accumulated Depreciation 1,60,000 1,00,000
16,00,000 9,00,000
5. Intangible Assets
Goodwill 6,40,000 7,00,000