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M.86 An Aid to Accountancy—CBSE XII
23. You are required to prepare Cash Flow Statement [As per AS-3(Revised)] for the year
ended 31st March, 2018 from the following Balance Sheet:

BALANCE SHEET OF KINDER JOY LTD.
as at 31st March, 2018
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital (Equity Share Capital) 35,00,000 25,00,000
(b) Reserves and Surplus (Statement of Profit and Loss) 12,50,000 10,00,000
2. Non-Current Liabilities
Long-term Borrowings (10% Debentures) 12,50,000 3,50,000
3. Current Liabilities
(a) Short-term Borrowings (Bank Overdraft) 50,000 75,000
(b) Trade Payables (Creditors) 2,50,000 1,50,000
(c) Short-term Provisions 1 1,50,000 75,000
Total 64,50,000 41,50,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets 2 40,00,000 22,50,000
(ii) Intangible Assets (Goodwill) 3,50,000 5,00,000
2. Current Assets
(a) Inventories 6,25,000 5,00,000
(b) Trade Receivables 12,50,000 7,50,000
(c) Cash and Bank Balances (Cash at Bank) 2,25,000 1,50,000
Total 64,50,000 41,50,000

Notes to Accounts
Particulars 31st March, 31st March,
2018 (`) 2017 (`)
1. Short-term Provisions
Provision for Tax 1,50,000 75,000
2. Tangible Assets
Plant and Machinery 44,00,000 25,00,000
Less: Accumulated Depreciation (4,00,000) (2,50,000)
40,00,000 22,50,000

Additional information:
During the year:
(i) A part of the machine, costing ` 1,25,000, accumulated depreciation thereon being
` 50,000, was sold for ` 45,000.
(ii) Tax paid ` 50,000.

(iii) Interest of ` 1,25,000 paid on Debentures. (6)